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PECO talks $350 million mortgage bonds due 2025 at Treasuries plus 125 bps area; pricing Monday
By Aleesia Forni
Virginia Beach, Sept. 28 – PECO Energy Co. set price talk on Monday for $350 million of first and refunding mortgage bonds (Aa3/A-) due 2025 in the area of Treasuries plus 125 basis points, according to a market source and a 424B2 filing with the Securities and Exchange Commission.
Pricing is expected Monday.
The joint bookrunners are Credit Suisse Securities (USA) LLC, MUFG, Scotia Capital (USA) Inc., Mizuho Securities USA Inc. and Morgan Stanley & Co. LLC.
The senior co-manager is PNC Capital Markets LLC.
Proceeds will be used for general corporate purposes.
The electric and natural gas transmission subsidiary of Exelon is based in Philadelphia.
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