Commonwealth Edison Co is raising 360 mln dlrs via a two-tranche offering of first and refunding mortgage bonds said lead manager Morgan Stanley and Co Inc. A 200 mln dlr issue of bonds due 1990 has an 8-1/8 pct coupon and was priced at 99.775 to yield 8.21 pct or 65 basis points over comparable Treasury securities. A 160 mln dlr offering of bonds due 1992 has an 8-5/8 pct coupon and was priced at 99.85 to yield 8.661 pct or 78 basis points more than Treasuries. Both tranches are non-callable for life and rated A-3 by Moodys and A by S and P. Salomon Brothers Inc co-managed the deal.
COMMONWEALTH EDISON <CWE> SELLS MORTGAGE BONDS