CenterPoint Energy Houston Electric LLC has closed the sale of $400 million of its 3.95% series AB general mortgage bonds due March 1, 2048.
The CenterPoint Energy Inc. utility plans to use proceeds to finance its capital investments needs this year, according to a Feb. 28 company release. The utility anticipates 2018 capital spending of $949 million in support of sustained industrial, commercial and residential customer growth.
Mizuho Securities USA LLC, RBC Capital Markets LLC, Wells Fargo Securities LLC, Regions Securities LLC, TD Securities (USA) LLC and U.S. Bancorp Investments Inc. acted as joint book-running managers.
Comerica Securities Inc. and PNC Capital Markets LLC served as senior co-managers. Blaylock Van LLC and Loop Capital Markets LLC were the co-managers.
