PECO Energy to offer first and refunding mortgage bonds due 2049

By Devika Patel

Knoxville, Tenn., Sept. 3 – PECO Energy Co. intends to price first and refunding mortgage bonds due Sept. 15, 2049, according to a 424B2 filing with the Securities and Exchange Commission.

The bonds have a make whole call until March 15, 2049, and then a par call.

The joint bookrunners are BofA Securities, Inc., Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC.

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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