By Devika Patel and Cristal Cody
Knoxville, Tenn., June 23 – Duquesne Light Holdings, Inc. sold $400 million of 2.775% notes due Jan. 7, 2032 on Tuesday, according to a market source.
The bonds priced at Treasuries plus 130 basis points. The notes were talked in the Treasuries plus 160 bps area.
BofA Securities Inc., Scotia Capital (USA) Inc. and TD Securities (USA) LLC are the bookrunners.
Duquesne Light is a Pittsburgh-based energy services holding company.
Issuer: | Duquesne Light Holdings, Inc.
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Issue: | Notes
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Amount: | $400 million
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Maturity: | Jan. 7, 2032
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Bookrunners: | BofA Securities Inc., Scotia Capital (USA) Inc. and TD Securities (USA) LLC
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Coupon: | 2.775%
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Spread: | Treasuries plus 130 bps
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Pricing date: | June 22
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Price guidance: | Treasuries plus 160 bps area
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