Deals 05/20/2020

Loop Capital Markets acted as co-manager on a $400 million first mortgage bond offering for Duke Energy Ohio

On May 20, 2020, Loop Capital Markets acted as a co-manager on a one-tranche, $400 million, first mortgage bond offering for Duke Energy Ohio. The 10 year note is rated A3/A.

Use of proceeds are earmarked for paying down a portion of the company’s outstanding inter-company short-term debt under our money-pool borrowing arrangement with Duke Energy Corporation and for general corporate purposes.