Energy company Dominion Resources is planning to raise $500 million through a sale of 30-year notes, The Wall Street Journal reports. The company can buy back the notes at 100 cents on the dollar six months before their maturity date.
The proceeds will be utilized for general corporate purposes and also to repay short-term debt. Barclays Capital, BNP Paribas and RBC Capital Markets will be the main book-runners for the senior unsecured notes sale.
Click here for the story from The Wall Street Journal.
