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Duke launches $650 million bonds due 2022 at 105 bps over Treasuries
By Andrea Heisinger and Aleesia Forni
Columbus, Ohio, Sept. 18 - Duke Energy Carolinas, LLC has launched a $650 million offering of mortgage bonds due 2022 (A1/A/) at a spread of 105 basis points over Treasuries, according to a market source.
Barclays, RBS Securities Inc. and Scotia Capital (USA) Inc. are the joint bookrunners.
Proceeds will be used to fund capital expenditures for the company's construction program and for general corporate purposes.
The Charlotte, N.C.-based company generates, transmits, distributes and sells electricity and is a wholly owned subsidiary of Duke Energy Corp.
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