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Duke Energy Florida plans an offering of 30-year first mortgage bonds
By Devika Patel
Knoxville, Tenn., Sept. 6 – Duke Energy Florida, LLC is selling redeemable first mortgage bonds due Oct. 1, 2046, according to a 424B5 filing with the Securities and Exchange Commission.
BofA Merrill Lynch, J.P. Morgan Securities LLC, Scotiabank and SunTrust Robinson Humphrey Inc. are the bookrunners.
The bonds will have a make-whole call until April 1, 2046 and then be callable at par.
Proceeds will be used to fund capital expenditures for ongoing construction and capital maintenance, to pay down short-term debt under the company’s money-pool borrowing arrangement with Duke Energy Corp. and for general corporate purposes.
The public utility is based in St. Petersburg, Fla., and is a subsidiary of Duke Energy Corp.
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