text_combined: eix eme bond sale fyi tuesday june 26 6 32 pm et sources edison reworking bond sale jonathan stempel new york reuters edison international nyse eix news last ditch bid stay solvent restructuring 1 2 billion junk bond sale investors afraid getting caught second big california utility bankruptcy bond market analysts investors said tuesday edison parent cash strapped utility southern california edison news web sites considering trimming bond sale adding bank term loan analysts investors said rosemead california based edison needs cash week struggles california power crisis analysts said company trying rid debt maturing year including fully drawn 618 million bank credit line expiring saturday seven year secured notes sold mission energy holding co found enough buyers despite carrying yields high 13 5 percent analysts said four percentage points recent 9 33 percent yield typical junk rated electric utility bond according merrill lynch co hearing significantly undersubscribed around midday deal scheduled price assumption resurface another form probably much cheaper restructured said john atkins corporate bond analyst ideaglobal com new york based research firm utility semi weekly conference call holders defaulted socal edison debt chief financial officer jim scilacci said tuesday afternoon virtually nothing company say private bond sale goldman sachs co sources said arranging bond sale also declined comment edison said earlier month intended use bond sale proceeds pay bank credit line well 250 million notes due july 18 350 million due nov 1 mission energy holding edison created specifically raise cash designed shielded bankruptcy socal edison edison edison mission energy investors said concerned shield may prove strong enough moody investors service rated mission energy holding notes ba 2 second highest junk grade standard poor rated bb minus one notch lower socal edison defaulted 931 million bonds commercial paper ran 5 4 billion debt california utility deregulation blocked recouping soaring wholesale power costs agreed april gov gray davis news web sites news filed bankruptcy protection april 6 shares edison closed tuesday new york stock exchange news web sites 11 24 33 cents fallen 28 percent year