trending Market Intelligence /marketintelligence/en/news-insights/trending/eDrRhvVbLH-TeUAQn0KGhQ2 content esgSubNav
In This List

CECONY sells $500M of debentures


Despite turmoil, project finance remains keen on offshore wind

Case Study

An Energy Company Assesses Datacenter Demand for Renewable Energy


Japan M&A By the Numbers: Q4 2023


See the Big Picture: Energy Transition in 2024

CECONY sells $500M of debentures

Consolidated Edison Co. of New York Inc. sold $500 million of its 3.875% series 2017 A debentures series 2017 A due June 15, 2047, for general corporate purposes, including repayment of short-term debt, according to a June 5 free writing prospectus.

Interest is payable semiannually June 15 and Dec. 15, starting Dec. 15. The debentures have a spread to benchmark Treasury of 105 basis points. The issue was expected to be rated A2 by Moody's and A- by both S&P Global Ratings and Fitch Ratings.

Merrill Lynch Pierce Fenner & Smith Inc., Wells Fargo Securities LLC, Scotia Capital (USA) Inc. and SMBC Nikko Securities America Inc. acted as joint book-running managers. CIBC World Markets Corp., PNC Capital Markets LLC, Samuel A. Ramirez & Co. Inc. and The Williams Capital Group LP served as co-managers.

Consolidated Edison Co. of New York is s subsidiary of Consolidated Edison Inc.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.