DominionResources Inc. sold$800 million worth of its 5.25% enhanced junior subordinated notes for generalcorporate purposes, including financing a $200 million
The 2016 series A notes are due July 30, 2076, and will makeinterest payments every three months starting Oct. 30 of this year. The issuewas expected to be rated Baa3 by Moody's and BBB- by both S&P GlobalRatings and Fitch Ratings, according to a free writing prospectus dated July 12.
Merrill Lynch Pierce Fenner & Smith Inc., Morgan Stanley& Co. LLC, UBS Securities LLC and Wells Fargo Securities LLC served asjoint book-running managers of the issue while J.P. Morgan Securities LLC andRBC Capital Markets LLC acted as joint leads.
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