Duke Energy Ohio intends to issue first mortgage bonds due 2030

By Devika Patel

Knoxville, Tenn., May 18 – Duke Energy Ohio, Inc. intends to offer first mortgage bonds due June 1, 2030, according to a 424B5 filing with the Securities and Exchange Commission.

The notes feature a make-whole call until March 1, 2030 and then a par call.

Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and PNC Capital Markets LLC are the bookrunners.

Proceeds will be used to repay short-term debt and for general corporate purposes.

The Charlotte, N.C.-based company generates, transmits, distributes and sells electricity and is a wholly owned subsidiary of Duke Energy Corp.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.