CHARLOTTE, N.C., June 23, 2016 /PRNewswire/ -- Duke Energy Ohio today completed a milestone D&I bond offering. The $250-million transaction was led by five diversity firms, along with Citigroup.
"We are pleased that we can help advance our diversity and inclusion initiatives and broaden our investor base while also providing our company low-cost capital that helps keep our customers' bills low," said Stephen De May, Duke Energy's senior vice president of tax and treasurer.
The lead bookrunners in this transaction were Lebenthal & Co., Loop Capital Markets, Mischler Financial Group Inc., Ramirez & Co. and Williams Capital, accompanied by Citigroup. These firms represent a wide range of diverse ownership, including women-owned, African American-owned, disabled veteran-owned and Hispanic-owned companies.
"We were excited to assist Duke Energy in developing a strategy to include diversity-owned broker dealers to lead an important utility bond offering," said Alexandra Lebenthal, CEO of Lebenthal & Co. "This deal further expands the business community committed to collaborating with diverse financial firms."
The net proceeds from the sale of the bonds will be used to fund Duke Energy Ohio's capital expenses for ongoing construction, maintenance, and for general corporate purposes.
For more information about Duke Energy's commitment to diversity and inclusion, please visit http://cms.ipressroom.com.s3.amazonaws.com/259/files/20164/D-and-I-fact-sheet-final.pdf.
About Duke Energy
Duke Energy is one of the largest electric power holding companies in the United States. Its regulated utility operations serve approximately 7.4 million electric customers located in six states in the Southeast and Midwest, representing a population of approximately 24 million people. Its Commercial Portfolio and International business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States.
Headquartered in Charlotte, N.C., Duke Energy is a S&P 100 Stock Index company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at duke-energy.com.
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SOURCE Duke Energy