Virginia Electric to offer 30-year senior notes via six bookrunners

By Rebecca Melvin

New York, Dec. 1 – Virginia Electric and Power Co. is offering 2020 series A senior notes due Dec. 15, 2050, according to a 424B5 filed with the Securities and Exchange Commission.

The notes feature a make-whole call until June 15, 2050 and then a par call.

BofA Securities Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, MUFG and TD Securities (USA) LLC are the bookrunners of the registered deal. The co-managers are Blaylock Van LLC, Siebert Williams Shank & Co. LLC and Wolf Capital Markets and Advisory.

Proceeds will be used for general corporate purposes and to repay short-term debt, which included $185 million in outstanding commercial paper as of Nov. 20.

The electric utility is based in Richmond, Va.

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