-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HA6oLXoTW2BFejYCCFN4kuwkD45+qdiJZIOOtf/R7g23aJ7n6t3++PQ5v/lbRufP gyGdDc6DzrZys4hslhzIhA== 0001104659-09-016069.txt : 20090310 0001104659-09-016069.hdr.sgml : 20090310 20090310161912 ACCESSION NUMBER: 0001104659-09-016069 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090310 DATE AS OF CHANGE: 20090310 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SOUTH CAROLINA ELECTRIC & GAS CO CENTRAL INDEX KEY: 0000091882 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 570248695 STATE OF INCORPORATION: SC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-145208-01 FILM NUMBER: 09669753 BUSINESS ADDRESS: STREET 1: 1426 MAIN ST CITY: COLUMBIA STATE: SC ZIP: 29201 BUSINESS PHONE: 8032179000 MAIL ADDRESS: STREET 1: 1426 MAIN ST CITY: COLUMBIA STATE: SC ZIP: 29201 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SOUTH CAROLINA ELECTRIC & GAS CO CENTRAL INDEX KEY: 0000091882 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 570248695 STATE OF INCORPORATION: SC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 1426 MAIN ST CITY: COLUMBIA STATE: SC ZIP: 29201 BUSINESS PHONE: 8032179000 MAIL ADDRESS: STREET 1: 1426 MAIN ST CITY: COLUMBIA STATE: SC ZIP: 29201 FWP 1 a09-6772_3fwp.htm FWP

 

Filed pursuant to Rule 433

Registration No. 333-145208-01

 

South Carolina Electric & Gas Company

 

FINAL TERM SHEET

 

Dated:  March 10, 2009

 

Issuer:

South Carolina Electric & Gas Company

 

 

Size:

$175,000,000

 

 

 

The bonds constitute a further issuance of, will form a single series with, will have the same CUSIP number as and will trade interchangeably with the $360 million aggregate principal amount of First Mortgage Bonds, 6.05% Series due January 15, 2038 previously issued by the Issuer on January 14, 2008 and June 24, 2008.

 

 

Expected Ratings:

Moody’s: A2 (stable outlook); S&P: A- (negative outlook); Fitch: A+ (negative 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.

 

 

Maturity:

January 15, 2038

 

 

Coupon (Interest Rate):

6.05%

 

 

Yield to Maturity:

6.08%

 

 

Spread to Benchmark Treasury:

+240 basis points (2.4%)

 

 

Benchmark Treasury:

4.50% due May 15, 2038

 

 

Benchmark Treasury Price and Yield:

114-19/3.68%

 

 

Interest Payment Dates:

January 15 and July 15, commencing July 15, 2009

 

 

Redemption Provision:

Make whole call at Adjusted Treasury Rate +30 basis points (0.30%)

 

 

Underwriters’ Discount or Commission:

.875%

 


 

Net Proceeds to Issuer:

$172,740,750, plus accrued interest from January 15, 2009

 

 

Price to Public:

99.584%, plus accrued interest from January 15, 2009

 

 

Settlement Date:

March 17, 2009 (T + 5)

 

 

Denominations:

$1,000 x $1,000

 

 

CUSIP:

837004 CB4

 

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates.  Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.  You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov.  Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling:

 

BNY Mellon Capital Markets, LLC    – 1-(800) 269-6864 (toll free)

 

Mizuho Securities USA Inc. - 1-(866) 271-7403 (toll free)

 

Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded.  Such disclaimers or other notices were automatically generated as a result of this communication being sent via Bloomberg or another email system.

 

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