Welcome, Monday, September 6, 2010

Loop Capital Markets Leads Commonwealth Edison Bond Deal

First ever bond offering managed exclusively by minority-owned investment banks.

Loop Capital Markets co-lead the utility industry's first ever bond offering managed exclusively by minority-owned investment banks.  The transaction agreement offers an additional $115 million of First Mortgage Bonds maturing on Aug.15, 2016, with a coupon of 5.95 percent. ComEd will use bond proceeds for general corporate purposes and to refinance first mortgage bonds.