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SCE sells $600M in mortgage bonds

Southern California Edison Co. sold $600 million of first and refunding mortgage bonds in two tranches to repay commercial paper borrowings and for general corporate purposes.

The securities consist of $500 million of series 2020A 3.65% bonds due 2050 and $100 million of series 2019C 2.85% bonds due 2029.

MUFG Securities Americas Inc., PNC Capital Markets LLC, RBC Capital Markets LLC and Wells Fargo Securities LLC acted as joint book-running managers. Bancroft Capital LLC, Great Pacific Securities, Mischler Financial Group Inc. and Samuel A. Ramirez & Co. Inc., Siebert Cisneros Shank & Co. LLC and Telsey Advisory Group LLC acted as co-managers.

SCE is an Edison International subsidiary.