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Duke Energy Florida plans to offer green bonds, floating-rate notes
By Devika Patel
Knoxville, Tenn., Nov. 21 – Duke Energy Florida, LLC intends to offer green first mortgage bonds and series A floating-rate senior notes in two tranches, according to a 424B5 filing with the Securities and Exchange Commission.
The first mortgage bonds are due on Dec. 1, 2029, and the floaters are due in November 2021.
The first mortgage bonds have a make-whole call until Sept. 1, 2029, then a par call. The floaters are non-callable.
BNP Paribas Securities Corp., MUFG, RBC Capital Markets Corp., SMBC Nikko Securities America Inc., TD Securities (USA) LLC and U.S. Bancorp Investments Inc. are the bookrunners for the first mortgage bonds.
PNC Capital Markets LLC, CastleOak Securities LP, C.L. King & Associates Inc., Drexel Hamilton LLC, Great Pacific Securities and Samuel A. Ramirez & Co. Inc. are the bookrunners for the floaters.
Proceeds from the first mortgage bonds will be used for eligible green projects.
Proceeds from the floaters will be used to fund storm restoration costs related to Hurricane Dorian and for general company purposes.
The public utility is based in St. Petersburg, Fla., and is a subsidiary of Duke Energy Corp.
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