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New Issue-Delmarva Power and Light sells $250 mln debt

Tue Jun 19, 2012 3:53pm EDT 

June 19 (Reuters) - Delmarva Power and Light Company
 o n T uesday sold $250 million of first mortgage bonds,
said IFR, a Thomson Reuters service. 
    Credit Suisse, JP Morgan, and SunTrust Robinson Humphrey
were the joint bookrunning managers for the sale.

BORROWER: DELMARVA POWER AND LIGHT CO

AMT $250 MLN    COUPON 4 PCT       MATURITY    06/01/2042
TYPE FMB        ISS PRICE 99.449   FIRST PAY   12/01/2012
MOODY'S A3      YIELD 4.032 PCT    SETTLEMENT  06/26/2012
S&P SINGLE-A    SPREAD 130 BPS     PAY FREQ    SEMI-ANNUAL
FITCH SINGLE-A   MORE THAN TREAS   MAKE-WHOLE CALL 20 BPS
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