Duke Energy to sell 30-year first mortgage bonds via six bookrunners

By Devika Patel

Knoxville, Tenn., March 10 – Duke Energy Indiana, LLC expects to price series ZZZ first mortgage bonds due April 1, 2050, according to a 424B5 filed with the Securities and Exchange Commission.

The bonds feature a make-whole call until Oct. 1, 2049 and then are callable at par.

Barclays, Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, Mizuho Securities USA Inc., RBC Capital Markets Corp. and U.S. Bancorp Investments Inc. are the bookrunners.

Proceeds will be used to repay at maturity $500 million of the company’s series PPP 3.75% first mortgage bonds due July 15, 2020 and to pay down a portion of outstanding intercompany short-term debt.

The electricity provider is based in Plainfield, Ind.

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