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Virginia Electric to offer 30-year senior notes via four bookrunners
By Devika Patel
Knoxville, Tenn., Nov. 20 – Virginia Electric and Power Co. expects to price fixed-rate 2019 series B senior notes due 2049, according to a 424B5 filed with the Securities and Exchange Commission.
The notes feature a make-whole call until June 1, 2049 and then a par call.
Deutsche Bank Securities Inc., MUFG, SunTrust Robinson Humphrey Inc. and TD Securities (USA) LLC are the bookrunners.
Proceeds will be used for general corporate purposes and to repay short-term debt.
The electric utility is based in Richmond, Va.
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