By Andrea Heisinger
New York, March 22 - Duke Energy Corp. priced $450 million of 3.35% five-year senior unsecured notes on Monday to yield 95 basis points over Treasuries, an informed source said.
The notes (Baa2/BBB+/) priced at 99.945 to yield 3.362%. They have a make-whole call at Treasuries plus 15 bps.
Credit Suisse Securities, SunTrust Robinson Humphrey Inc. and UBS Investment Bank were the bookrunners.
The proceeds are being used to repay borrowings under a master credit facility and for general corporate purposes.
The electric company is based in Charlotte, N.C.
| Issuer: | Duke Energy Corp.
|
| Issue: | Senior unsecured notes
|
| Amount: | $450 million
|
| Maturity: | April 1, 2015
|
| Bookrunners: | Credit Suisse Securities, SunTrust Robinson Humphrey Inc., UBS Investment Bank
|
| Coupon: | 3.35%
|
| Price: | 99.945
|
| Yield: | 3.362%
|
| Spread: | Treasuries plus 95 bps
|
| Call: | Make-whole at Treasuries plus 15 bps
|
| Trade date: | March 22
|
| Settlement date: | March 25
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB+
|
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