Potomac Electric pricing $200 million tap of 4.15% bonds due 2043 Monday

By Aleesia Forni

Virginia Beach, March 9 – Potomac Electric Power Co. is in the market with a $200 million add-on to its existing 4.15% first mortgage bonds (A3/A/A) due March 15, 2043 on Monday, according to an informed source and a FWP filing with the Securities and Exchange Commission.

Bookrunners are BNY Mellon Capital Markets LLC, Morgan Stanley & Co. LLC and RBS Securities Inc.

Mischler Financial Group, Inc. is a co-manager.

The original $250 million issue sold at Treasuries plus 90 basis points on March 11, 2013.

Proceeds are being used to repay outstanding commercial paper and for general corporate purposes.

Potomac Electric is a utility based in Washington, D.C.

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