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Issuer:
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South Carolina Electric & Gas Company |
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Name of Securities:
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First Mortgage Bonds, 4.350% Series due February 1, 2042
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Size:
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$250,000,000
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Expected Ratings:
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Moody’s: A3 (stable outlook); S&P: A (stable outlook); Fitch: A (stable outlook). A securities rating is not a recommendation to buy, sell or hold securities and may be subject to review, revision, suspension, reduction or withdrawal at any time by the assigning rating agency.
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Maturity:
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February 1, 2042
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Coupon (Interest Rate):
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4.350%
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Yield to Maturity:
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4.355%
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Spread to Benchmark Treasury:
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+125 basis points (1.25%)
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Benchmark Treasury:
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UST 3.750% due August 15, 2041
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Benchmark Treasury Price and Yield:
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112-13; 3.105%
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Interest Payment Dates:
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February 1 and August 1, commencing August 1, 2012
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Make-Whole Redemption Provision:
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Prior to August 1, 2041, make-whole call at Adjusted Treasury Rate +20 basis points
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Par Redemption Provision:
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On or after August 1, 2041
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Underwriters’ Discount or Commission:
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0.875%
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Net Proceeds to Issuer:
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$247,605,000, plus accrued interest from January 30, 2012
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Price to Public:
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99.917%, plus accrued interest from January 30, 2012
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Settlement Date:
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January 30, 2012 (T+5)
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Denominations:
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$1,000 x $1,000
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CUSIP:
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837004 CF5
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