Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers D > Headlines for Duke Energy Progress, Inc. > News item |
Duke Energy eyes mortgage bonds due 2025, 2045 for pricing Monday
By Aleesia Forni
Virginia Beach, Aug. 10 – Duke Energy Progress Inc. intends to price a two-part offering of first mortgage bonds (Aa2/A) on Monday in tranches due 2025 and 2045, according to a market source and a 424B5 filed with the Securities and Exchange Commission.
Credit Suisse, RBC Capital Markets LLC, SunTrust Robinson Humphrey Inc., UBS Securities LLC and Wells Fargo Securities LLC are the bookrunners.
Proceeds will be used to repay short-term debt under the company’s money-pool borrowing arrangement with Duke Energy Corp., to repay $400 million of 5.25% mortgage bonds due Dec. 15, 2015 and for general corporate purposes.
Raleigh, N.C.-based Duke Energy Progress generates and distributes electricity in North Carolina and South Carolina.
© 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.