New Issue-So California Edison sells $500 mln bonds

Aug 25 (BestGrowthStock) – Southern California Edison, a unit of
Edison International (EIX.N: ), on Wednesday sold $500 million of
30-year first mortgage bonds, said IFR, a Thomson Reuters
service.

Bank of America Merrill Lynch, Deutsche Bank, UBS and
Wells Fargo Securities were the joint bookrunning managers for
the sale.
BORROWER: SOUTHERN CALIFORNIA EDISON CO
AMT $500 MLN COUPON 4.50 PCT MATURITY 9/1/2040
TYPE FMBS ISS PRICE 99.364 FIRST PAY 3/1/2011
MOODY’S A1 YIELD 4.539 PCT SETTLEMENT 8/30/2010
S&P SINGLE-A SPREAD 100 BPS PAY FREQ SEMI-ANNUAL
FITCH A-PLUS MORE THAN TREAS MAKE-WHOLE CALL 15 BPS

New Issue-So California Edison sells $500 mln bonds