Mission Capital L.P.: The limited partnership, which...

Mission Capital L.P.: The limited partnership, which was formed by Mission Energy Corp., Irvine, said its 2.5 million Series B cumulative monthly income preferred securities were issued at $25 each through underwriters led by Goldman Sachs & Co. Electricity producer Mission Energy said it will use its share of the $62.5 million in proceeds to repay borrowings under its revolving credit facility. The securities will carry a dividend rate of 8.5%, are noncallable for five years and are rated “Baa2” by Moody’s and Triple-B by Standard & Poor’s. Monthly dividend payments will begin Aug. 31. The securities will be listed on the New York Stock Exchange.