Edison to sell mortgage bonds
From Times Wire Services
Southern California Edison Co., the state’s second-largest utility, plans to sell $500 million of debt as soon as this week, according to a person familiar with the offering.
The sale will consist of first-mortgage bonds due in 2038, said the person, who declined to be identified because terms aren’t set. The bonds may price to yield 1.6 to 1.65 percentage points higher than U.S. Treasuries of similar maturity, the person said.
