Printer Friendly

FIRST BOSTON ANNOUNCES PUBLIC OFFERING

 NEW YORK, Aug. 25 /PRNewswire/ -- The First Boston Corporation and associates announced today the public offering of $125 million principal amount of Southern California Edison Company, First & Refunding Mortgage Bonds, 5-7/8 percent Series 93H, Due Sept. 1, 2004, at 99.726 percent of their principal amount, plus accrued interest from Sept. 1, 1993, to yield 5.909 percent. The Bonds are non-callable prior to their maturity.
 Associated with First Boston are: Bear, Stearns & Co. Inc.; PaineWebber Incorporated; Tucker Anthony Incorporated; Chemical Securities, Inc.; A.G. Edwards & Sons, Inc.; Redwood Securities Group, Inc.; and Trilon Securities International. The underwriters were awarded the issue on their bid of 5.956 percent cost of funds to the company.
 The net proceeds from the sale of the Bonds will be used to refund outstanding debt.
 The company, a wholly owned subsidiary of SCE Corp., is a public utility primarily engaged in the business of supplying electric energy in portions of central and southern California, excluding the City of Los Angeles and certain other cities.
 -0- 8/25/93
 /CONTACT: Joseph D. Fashano vice president of The First Boston Corporation, 212-909-2212/


CO: First Boston Corporation ST: New York IN: FIN SU: OFR

SH -- NY049 -- 0389 08/25/93 13:38 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 25, 1993
Words:207
Previous Article:E-SYSTEMS DECLARES THIRD QUARTER DIVIDEND
Next Article:BRUNSWICK OFFERS $125 MILLION, 30-YEAR DEBENTURES
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters