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Pepco Holdings sells $200M of first mortgage bonds

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Pepco Holdings sells $200M of first mortgage bonds

Pepco Holdings LLC on June 30 sold $200 million of its 4.15% first mortgage bonds due March 15, 2043.

The Exelon Corp. subsidiary plans to use net proceeds to repay outstanding commercial paper and for general corporate purposes, according to an Aug. 2 Form 10-Q filing.