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ComEd Raises $650M In Debt Issue

ComEd has raised $650 million in a two-part sale of bonds.

ComEd has raised $650 million in a two-part sale of bonds. The company sold $250 million of mortgage bonds, which carry a coupon rate of 1.95 percent and are due to mature on Sept. 1, 2016, and $350 million of mortgage bonds, maturing on Sept. 1, 2021, with a coupon rate of 3.40 percent.

The joint book runners for the deal included BNP Paribas Securities, U.S. Bancorp Investments and Samuel A Ramirez & Co., while the co-managers were CIBC World Markets Corp. and PNC Capital Markets. The sale proceeds will be used to refinance maturing tax-exempt bonds and first mortgage bonds, and for general corporate purposes.

Click here for the release from PR Newswire.

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