Duke Energy Carolinas pricing $500 million mortgage bonds due 2045

By Aleesia Forni

Virginia Beach, March 9 – Duke Energy Carolinas LLC is selling $500 million of first and refunding mortgage bonds due 2045, according to a 424B5 filing with the Securities and Exchange Commission on Monday.

Barclays, BofA Merrill Lynch, Citigroup Global Markets Inc., Mizuho Securities USA Inc. and U.S. Bancorp Investments Inc. are the bookrunners.

Proceeds will be used to repay at maturity $500 million of the company’s 5.3% first and refunding mortgage bonds due Oct. 1, 2015.

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

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