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Duke Energy Florida to sell first mortgage bonds due 2028, 2048
By Devika Patel
Knoxville, Tenn., June 18 – Duke Energy Florida, LLC intends to offer first mortgage bonds in two tranches, according to a 424B5 filing with the Securities and Exchange Commission.
The offering is comprised of bonds due 2028 and bonds due 2048.
The 2028 bonds feature a make-whole call until April 15, 2028 and then a par call. The 2048 bonds feature a make-whole call until Jan. 15, 2048 and then a par call.
Barclays, BNP Paribas Securities Corp., PNC Capital Markets LLC, SMBC Nikko and SunTrust Robinson Humphrey Inc. are the bookrunners.
Proceeds will be used to repay a portion of intercompany short-term debt, to repay a portion of the company’s commercial paper 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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