trending Market Intelligence /marketintelligence/en/news-insights/trending/hrsfj7z4zaekqzooy6jmjg2 content esgSubNav
In This List

Duke Energy Carolinas sells $1B of bonds

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Using ESG Analysis to Support a Sustainable Future

Research

US utility commissioners: Who they are and how they impact regulation

Blog

Q&A: Datacenters: Energy Hogs or Sustainability Helpers?


Duke Energy Carolinas sells $1B of bonds

Duke Energy Carolinas LLC on March 1 closed the sale of $1 billion of first and refunding mortgage bonds comprising $500 million of 3.05% series due 2023 and $500 million of 3.95% series due 2048.

Interest on the bonds is payable every March 15 and Sept. 15, starting Sept. 15, 2018. The bonds due in 2023 offer a spread of up to 47 basis points to the Treasury benchmark, while the bonds due in 2048 offer a spread of up to 82 basis points to the Treasury benchmark.

The company will use net proceeds to repay $300 million of first and refunding mortgage bonds, 5.10% series B due April 15, 2018, to pay down intercompany short-term debt under a money-pool borrowing arrangement with parent company Duke Energy Corp. and for general company purposes.

Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, Mizuho Securities USA LLC, MUFG Securities Americas Inc. and U.S. Bancorp Investments Inc. served as underwriters for the transaction.