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SOUTH CAROLINA ELECTRIC & GAS COMPANY SELLS $100 MILLION OF FIRST MORTGAGE BONDS

 COLUMBIA, S.C., Dec. 13 /PRNewswire/ -- South Carolina Electric & Gas Company (SCE&G), principal subsidiary of SCANA Corporation (NYSE: SCG), today sold $100 million principal amount of 6.25 percent First Mortgage Bonds due December 15, 2003 to PaineWebber Incorporated and Salomon Brothers Inc. The 10-year bonds, which are non-callable prior to maturity, will be priced for reoffering to the public at 100.00 percent of principal amount to provide investors a 6.25 percent yield to maturity. The bonds were priced to SCE&G at 99.350 percent of principal amount, which results in an annual interest rate to the company of 6.399 percent.
 Proceeds from the sale will be used for general corporate purposes, including the financing of SCE&G's construction program and the reduction of short-term debt.
 SCE&G is a regulated public utility engaged primarily in the generation, transmission, distribution and sale of electricity and in the purchase, distribution and sale at retail of natural gas in South Carolina.
 -0- 12/13/93
 /CONTACT: H. John Winn, manager-Investor Relations &


Shareholder Services, of SCANA Corporation, 803-748-3240/
 (SCG)


CO: South Carolina Electric & Gas Company; SCANA Corporation ST: South Carolina IN: UTI SU:

CM -- CH006 -- 3274 12/13/93 15:36 EST
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Publication:PR Newswire
Date:Dec 13, 1993
Words:204
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