CenterPoint Energy Houston Electric intends to sell mortgage bonds

By Rebecca Melvin

New York, June 2 – CenterPoint Energy Houston Electric, LLC intends to price an offering of series AD general mortgage bonds, according to a 424B2 filing with the Securities and Exchange Commission. The offering will price and settle in June.

The notes feature a make-whole call and then a par call.

BofA Securities Inc., MUFG, RBC Capital Markets Corp. and Wells Fargo Securities LLC are the bookrunners. The co-manager is Mischler Financial Group Inc.

The proceeds will be used for general limited liability company purposes, including capital expenditures and the repayment of a portion of borrowings under the company’s money pool.

CenterPoint Energy is a Houston-based electricity transmitter and distributor.

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