Duke Energy Carolinas has raised $500 million through a sale of first and refunding mortgage bonds, The Wall Street Journal reports. The notes carry a coupon rate of 3.90% and are due to mature in 10 years.
The energy company intends to use the proceeds for general corporate purposes, which could include the repayment of remaining debt. Bank of America Merrill Lynch, Credit Suisse, RBS and Wells Fargo served as the joint bookrunning managers on the deal.
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