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Oncor Electric completes $700M note offering

Oncor Electric Delivery Co. LLC on Sept. 12 completed the offering of $700 million of its 3.10% senior secured notes, due 2049.

Proceeds from the offering were used for general corporate purposes, including to repay notes under the commercial paper program.

The interest is payable semi-annually on March 15 and Sept. 15 each year, starting March 15, 2020.

The Bank of New York Mellon Trust Co. NA acted as trustee. Oncor is a subsidiary of Sempra Energy