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Duke Energy offers 30-year first mortgage bonds via five bookrunners
By Devika Patel
Knoxville, Tenn., Sept. 25 – Duke Energy Indiana, LLC expects to price series YYY mortgage bonds due Oct. 1, 2049, according to a 424B5 filed with the Securities and Exchange Commission.
The bonds feature a make-whole call until April 1, 2049 and then are callable at par.
BofA Securities, Inc., Mizuho Securities USA Inc., Morgan Stanley & Co. LLC, MUFG and SunTrust Robinson Humphrey Inc. are the bookrunners.
Proceeds will be used to redeem at par three series of tax-exempt bonds, to pay down intercompany short-term debt and for general company purposes.
The electricity provider is based in Plainfield, Ind.
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