PSE&G to price 10-year secured medium-term green bonds

By Rebecca Melvin

Concord, N.H., March 9 – Public Service Electric & Gas Co. intends to price an offering of series P secured medium-term green bonds due March 15, 2032, according to a 424B3 filed with the Securities and Exchange Commission.

The notes have a make-whole call followed by a three-month par call.

BofA Securities Inc. is the sustainability structuring agent and bookrunner, together with other bookrunners including Academy Securities Inc., BNP Paribas Securities Corp., BNY Mellon Capital Markets LLC, MFR Securities, MUFG, RBC Capital Markets LLC and U.S. Bancorp Investments Inc.

Proceeds will be used to finance or refinance new or existing eligible green projects.

PSE&G is a Newark-based utility.

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