PECO plans to conduct offering of first and refunding mortgage bonds

By Devika Patel

Knoxville, Tenn., Sept. 11 – PECO Energy Co. intends to price dollar-denominated first and refunding mortgage bonds, according to a 424B2 filing with the Securities and Exchange Commission.

The bonds have a make-whole call and then a par call.

The joint bookrunners are BNP Paribas Securities Corp. and MUFG. The senior co-manager is Santander Investment Securities Inc.

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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