Printer Friendly

SDG&E TO PURCHASE $118.6 MILLION IN IDBS FROM BONDHOLDERS

 SDG&E TO PURCHASE $118.6 MILLION IN IDBS FROM BONDHOLDERS
 SAN DIEGO, Sept. 21 /PRNewswire/ -- San Diego Gas & Electric (NYSE: SDO) (SDG&E) announced today that it will purchase $118,615,000 in industrial development bonds from bondholders.
 The bonds specified below, issued by the City of San Diego, were offered in accordance with the invitation to bondholders which expired at 5 p.m., Eastern time, on Sept. 18, 1992, and will be purchased by SDG&E at the prices indicated below per $100 principal amount of bonds offered. The prices indicated will be paid to all holders of bonds purchased pursuant to the invitation. As of the expiration of the invitation, the following principal amounts of bonds had been offered to SDG&E by bondholders either without specified prices or at prices per $100 principal amount equal to or less than the following prices.
 Principal Amount
 to be Purchased Purchase Price Bonds
 $5,090,000 $107.500 10 percent 1983 series A
 due June 1, 2018
 $16,345,000 $109.625 10 percent 1983 series B
 due Sept. 1, 2018
 $25,650,000 $119.000 9 1/4 percent 1985 series A
 due Sept. 1, 2020
 The settlement date of the purchase of these bonds will be Oct. 15, 1992.
 SDG&E agreed to purchase from a holder outside the invitation the following principal amounts of bonds at the prices indicated below per $100 principal amount of bonds to be purchased.
 Principal Amount
 To Be Purchased Purchase Price Bonds
 $59,200,000 $107.158 10 percent 1983 Series A
 due June 1, 2018
 $12,330,000 $109.381 10 percent 1983 Series B
 due Sept. 1, 2018
 The settlement date of the purchase of these bonds will be Nov. 3, 1992.
 Bondholders should direct any questions or requests for assistance to their broker, dealer, bank or trust company. Bondholders may also call the information agent, Georgeson & Co. Inc., or the dealer-manager, Goldman, Sachs & Co., at the toll-free numbers following: Information agent Georgeson & Co. Inc., 800-223-2064; Dealer-manager Goldman, Sachs & Co., 800-828-3182.
 -0- 9/21/92
 /CONTACT: Gretchen Griswold of SDG&E, 619-696-4309/
 (SDO) CO: San Diego Gas & Electric ST: California IN: UTI SU:


JB-LS -- SD004 -- 1932 09/21/92 19:06 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 21, 1992
Words:373
Previous Article:MICROCOM ANNOUNCES CARBON COPY FOR DOS 6.1; NEW INSTALLATION PROGRAM, ENHANCED DOCUMENTATION SPEED USER PRODUCTIVITY; EXTRA VALUE PACKAGING
Next Article:FINDIT FEATURE RELEASED BY CONGRESSIONAL QUARTERLY'S WASHINGTON ALERT; 'NATURAL LANGUAGE' QUERIES MADE EASY BY SIMPLE COMMAND
Topics:


Related Articles
SAN DIEGO GAS & ELECTRIC INVITES BONDHOLDERS TO TENDER UP TO $400 MILLION OF OUTSTANDING BONDS
SAN DIEGO GAS & ELECTRIC CO. ANNOUNCES MAXIMUM ACCEPTABLE PRICES FOR BONDS OFFERED IN PENDING 'DUTCH AUCTION'
SDG&E SELLS $118.6 MILLION OF REFUNDING BONDS
SDG&E CUSTOMERS TO SAVE $65 MILLION FROM BOND REFINANCING
FEDERAL GOVERNMENT OUTLAWS ENERGY AUCTION THAT COULD COST CUSTOMERS $511 MILLION
SDG&E ISSUES $38.9 MILLION OF REFINANCING BONDS
SDG&E Applauds Reduction in Wholesale Price Cap, Lowering Electricity Costs; Company Also to File With FERC for Imposition of Bid Price Caps.
SDG&E Customers to Begin Receiving $390 Million in Checks This Week.
SDG&E Helps Customers Cope With Deregulation.

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