Peco Energy Company has priced a syndicated USD denominated Brownie market bond which matures in 2054.
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Issuer Details | |
Issuer | Peco Energy Company |
LEI | YH65D4JBECK76IFEJ279 |
Industry | Electricity |
Country | United States |
Issuer Description | PECO is an energy company founded in 1881 and incorporated in 1929. It became part of Exelon Corporation (NYSE: EXC) in 2000 when it merged with Unicom. The company has approximately 2,300 employees; its call center and field craft personnel are members of IBEW Local 614. PECO serves 1.6 million electric and 485,000 natural gas customers; it is the largest combination utility in Pennsylvania, and has a franchise utility service area of 2,100 square miles (5,400 km2) with a population of 3.8 million people.. PECO Energy Company, a public utility, engages in the purchase and regulated retail sale of electricity, and the provision of transmission and distribution services to retail customers in southeastern Pennsylvania, including Philadelphia city. It is also involved in the purchase and regulated retail sale of natural gas, and the provision of distribution services to retail customers in the Pennsylvania counties surrounding the Philadelphia city. The company offers electricity to approximately 1.6 million customers and natural gas to approximately 497,000 customers. Its electric distribution system consists of 13,013 circuit miles of overhead lines and 8,901 circuit miles of underground lines. The company was incorporated in 1929 and is based in Philadelphia, Pennsylvania. PECO Energy Company is a subsidiary of Exelon Corporation. |
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Trade Details | |
Security Type | Bond |
Amount | USD [Login to see full details] |
Total Amount including taps | USD [Login to see full details] |
Total Amount Outstanding | USD [Login to see full details] |
Total Order Book | USD [Login to see full details] |
Structure | Fixed Rate |
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It came at a spread of [Login to see full details] in the Brownie bond market. | |
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A Brownie bond is an USD-denominated bond issued by a United-States entity in the USA Domestic Bond market.
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