By Andrea Heisinger
New York, Nov. 14 - Duke Energy Corp. sold $500 million of 2.15% five-year senior notes on Monday at a spread of Treasuries plus 125 basis points, a market source away from the deal said.
The notes (Baa2/BBB+/) were priced at 99.995 to yield 2.151%. They have a make-whole call at Treasuries plus 20 bps.
BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. LLC were the bookrunners.
Co-managers were BB&T Capital Markets and Morgan Keegan & Co., Inc.
Proceeds will be used to fund capital expenditures in unregulated businesses and for general corporate purposes.
The energy company is based in Charlotte, N.C.
| Issuer: | Duke Energy Corp.
|
| Issue: | Senior notes
|
| Amount: | $500 million
|
| Maturity: | Nov. 15, 2016
|
| Bookrunners: | BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC
|
| Co-managers: | BB&T Capital Markets, Morgan Keegan & Co., Inc.
|
| Coupon: | 2.15%
|
| Price: | 99.995
|
| Yield: | 2.151%
|
| Spread: | Treasuries plus 125 bps
|
| Call: | Make-whole at Treasuries plus 20 bps
|
| Trade date: | Nov. 14
|
| Settlement date: | Nov. 17
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB+
|
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