BG&E refinances bondsBaltimore Gas and Electric Co...

BUSINESS DIGEST

March 24, 1993

BG&E refinances bonds

Baltimore Gas and Electric Co. yesterday sold $125 million worth of 6.625 percent bonds to an underwriting group led by Morgan Stanley & Co.

The proceeds, along with $25 million from an earlier bond sale, will be used to redeem $150 million worth of bonds paying 8.25 percent and 8.375 percent. The refinancing will save BG&E $28.4 million during the next 14 1/2 years, a spokesman said.

Synergen shares drop sharply

Shares of Synergen Inc. slipped sharply again yesterday after the company said it would not file a U.S. marketing application for its Antril sepsis drug until a follow-up trial is completed. Synergen stock closed down $1.75, at $11.375, in Nasdaq trading.

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