New Issue-Oncor Electric sells $475 mln debt

Sept 9 (BestGrowthStock) – Oncor Electric Delivery Co on Wednesday
sold $475 million of senior secured notes in the 144a private
placement market, said a market source.

Barclays, Citigroup, Bank of America Merrill Lynch and
Credit Suisse were the joint bookrunning managers for the
sale.
BORROWER: ONCOR ELECTRIC DELIVERY CO
AMT $475 MLN COUPON 5.25 PCT MATURITY 9/30/2040
TYPE SR NTS ISS PRICE 99.264 FIRST PAY 3/30/2011
MOODY’S Baa1 YIELD 5.299 PCT SETTLEMENT 9/13/2010
S&P A-MINUS SPREAD 158 BPS PAY FREQ SEMI-ANNUAL
FITCH TRIPLE-B MORE THAN TREAS MAKE-WHOLE CALL 25 BPS

New Issue-Oncor Electric sells $475 mln debt