AI English summary of an SEC filing — figures as filed
The company said that, at the option of Consolidated Edison Company of New York, four tax-exempt debt subseries, Series 2010A-1 through Series 2010A-4, with an aggregate principal amount of $224.6 million, have been designated for redemption on November 25, 2024.
Key points
AI summaryThe company said that, at the option of Consolidated Edison Company of New York, four tax-exempt debt subseries, Series 2010A-1 through Series 2010A-4, with an aggregate principal amount of $224.6 million, have been designated for redemption on November 25, 2024.
In the notice, Consolidated Edison said subseries 2010A-1 and 2010A-2 are each $56,200,000, subseries 2010A-3 and 2010A-4 are each $56,100,000, and all four subseries were issued on November 16, 2010 and mature on June 1, 2036.
The company said in the notice that each subseries is subject to optional redemption at a price equal to 100% of its principal amount, plus accrued and unpaid interest, if any, and that redemption is conditioned on the Paying Agent receiving the funds needed to pay the redemption price.
The company said in the notice that the redemption price will be paid through The Depository Trust Company system and that holders must surrender their bonds to the Paying Agent. It also noted that backup withholding of 24% may apply to U.S. holders who have not provided a valid taxpayer identification number.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Consolidated Edison Requests Redemption of $224.6 million Tax-Exempt Bonds
The company said that, at the option of Consolidated Edison Company of New York, four tax-exempt debt subseries, Series 2010A-1 through Series 2010A-4, with an aggregate principal amount of $224.6 million, have been designated for redemption on November 25, 2024.
Source · Based on the filing body and exhibits
Principal by Subseries and June 1, 2036 Maturity
In the notice, Consolidated Edison said subseries 2010A-1 and 2010A-2 are each $56,200,000, subseries 2010A-3 and 2010A-4 are each $56,100,000, and all four subseries were issued on November 16, 2010 and mature on June 1, 2036.
Source · Based on the filing body and exhibits
Redemption Price of 100% and Conditional Redemption
The company said in the notice that each subseries is subject to optional redemption at a price equal to 100% of its principal amount, plus accrued and unpaid interest, if any, and that redemption is conditioned on the Paying Agent receiving the funds needed to pay the redemption price.
Source · Based on the filing body and exhibits
Redemption Payment Process and Withholding Notice
The company said in the notice that the redemption price will be paid through The Depository Trust Company system and that holders must surrender their bonds to the Paying Agent. It also noted that backup withholding of 24% may apply to U.S. holders who have not provided a valid taxpayer identification number.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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