Atlantic City Electric, a subsidiary of Pepco Holdings, has raised $200 million through the sale of first mortgage bonds (FMBs), Reuters reports. The 4.35% notes due on April 1, 2021, has a spread of 90 basis points.

The size of the deal was initially planned at $150 million. Citi, Scotia Capital and Wells Fargo were the joint bookrunning managers for the sale.

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