By Andrea Heisinger
New York, Dec. 14 - Duke Energy Ohio, Inc. sold $250 million of 2.1% first mortgage bonds due June 15, 2013 on Monday to yield Treasuries plus 78 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes (A2/A/) priced at 99.983 to yield 2.105%. There is a make-whole call at 15 bps over Treasuries.
Barclays Capital Inc. and RBS Securities Inc. were the bookrunners.
Proceeds are going to repay a portion of borrowings under Duke Energy's master credit facility.
The electric and gas subsidiary of Duke Energy Corp. is based in Cincinnati.
| Issuer: | Duke Energy Ohio, Inc.
|
| Issue: | First mortgage bonds
|
| Amount: | $250 million
|
| Maturity: | June 15, 2013
|
| Bookrunners: | Barclays Capital Inc., RBS Securities Inc.
|
| Coupon: | 2.1%
|
| Price: | 99.983
|
| Yield: | 2.105%
|
| Spread: | Treasuries plus 78 bps
|
| Call: | Make-whole at Treasuries plus 15 bps
|
| Trade date: | Dec. 14
|
| Settlement date: | Dec. 17
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
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