CenterPoint Energy plans to sell $400 million 30-year bonds Wednesday

By Aleesia Forni

Virginia Beach, March 12 - CenterPoint Energy Houston Electric LLC is eyeing a $400 million sale of general mortgage bonds, series X, due 2044, according to a market source and a 424B2 filing with the Securities and Exchange Commission.

BofA Merrill Lynch, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and Wells Fargo Securities LLC are the joint bookrunners.

Proceeds will be used for general limited liability company purposes, including the repayment of short-term notes payable to affiliated companies.

The electric utility is based in Houston.

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