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New Issue-Virginia Electric & Power Co sells $350 mln in debt

Tue Jun 23, 2009 2:28pm EDT

Stocks

    
  June 23 (Reuters) - The Virginia Electric & Power Company,
a unit of Dominion Resources (D.N) on Tuesday sold $350 million
of senior notes, said IFR, a Thomson Reuters service.
  Barclays, Goldman Sachs, and Scotia Bank were the joint
bookrunning managers for the sale.
BORROWER: VIRGINIA ELECTRIC AND POWER COMPANY
AMT $350 MLN      COUPON 5.00 PCT     MATURITY 6/30/2019 
TYPE SR NOTES     ISS PRICE 99.805    FIRST PAY 12/30/2009
MOODY'S Baa1      YIELD 5.025 PCT     SETTLEMENT 6/26/2009
S&P A-MINUS       SPREAD 137.5 BPS    PAY FREQ SEMI-ANNUAL
FITCH A-MINUS      MORE THAN TREAS    MAKE-WHOLE CALL 25 BPS



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