New Issue-Duquesne Light sells $450 mln notes

Sept 9 (BestGrowthStock) – Duquesne Light Holdings Inc on
Wednesday sold $450 million of notes in the 144a private
placement market, said IFR, a Thomson Reuters service.

The size of the deal was increased from an originally
planned $300 million.

Barclays Capital, Bank of America Merrill Lynch, and
Scotia Capital were the joint bookrunning managers for the
sale.
BORROWER: DUQUESNE LIGHT HOLDINGS INC
AMT $450 MLN COUPON 6.40 PCT MATURITY 9/15/2020
TYPE SR NTS ISS PRICE 99.272 FIRST PAY 3/15/2011
MOODY’S Ba1 YIELD 6.50 PCT SETTLEMENT 9/13/2010
S&P BBB-MINUS SPREAD 384.3 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS

New Issue-Duquesne Light sells $450 mln notes