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SCE CAPITAL COMPANY SELLS TWO-YEAR NOTES

 SCE CAPITAL COMPANY SELLS TWO-YEAR NOTES
 ROSEMEAD, Calif., Dec. 10 /PRNewswire/ -- SCE Capital Company,


a subsidiary of Southern California Edison, today sold $200 million of 12-year notes. The company will use the proceeds from the financing to redeem, repay, or retire outstanding indebtedness, and for the financing of construction expenditures and other general corporate purposes.
 The notes, due 2003, were sold to Lehman Brothers as underwriter. The notes were priced at 95.326 percent of the principal amount with a 7.375 percent coupon, resulting in a 7.99 percent annual cost to the company. Lehman's offer was the lowest cost of money among the three competing bids received by the company.
 The notes are expected to be offered to the public by the underwriter at 95.688 percent of the principal amount, to yield 7.94 percent.
 This offering is being made only through a prospectus, which may be obtained from the underwriter.
 -0- 12/10/91
 /CONTACT: Bob Goodlow of Southern California Edison, 818-302-2255/ CO: Southern California Edison ST: California IN: UTI SU:


SE -- LA029 -- 1260 12/10/91 18:39 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Dec 10, 1991
Words:184
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