Potomac Electric selling $250 million 30-year mortgage bonds Monday

By Andrea Heisinger

New York, March 11 - Potomac Electric Power Co. is set to price $250 million of first mortgage bonds due March 15, 2043 (A3/A/A) on Monday, according to a filing with the Securities and Exchange Commission.

Bookrunners are Barclays, BofA Merrill Lynch, Credit Suisse Securities (USA) LLC and Scotia Capital (USA) Inc.

Proceeds will be used to repay outstanding commercial paper and for general corporate purposes.

Potomac Electric, a utility based in Washington, D.C., was last in the U.S. bond market with a $200 million sale of 10-year notes on March 28, 2012.

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