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Duke Energy Progress to price 10-year green first mortgage bonds
By Devika Patel
Knoxville, Tenn., March 4 – Duke Energy Progress Inc. is offering green first mortgage bonds due March 15, 2029, according to a 424B5 filing with the Securities and Exchange Commission.
The bonds have a make-whole call until Dec. 15, 2028 and are then callable at par.
Barclays, J.P. Morgan Securities LLC, Mizuho Securities USA Inc. and Wells Fargo Securities LLC are the bookrunners.
Proceeds will be used for the development, construction, acquisition and operation of solar energy projects, power purchase agreements for the procurement of solar energy and rebates for rooftop solar power installations.
Raleigh, N.C.-based Duke Energy Progress generates and distributes electricity in North Carolina and South Carolina.
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