New Issue-Duke Energy unit sells $900 mln 1st mtg bonds

April 9 (Reuters) - Duke Energy Carolinas LLC, a unit of
Duke Energy (DUK.N: Quote, Profile, Research), on Wednesday sold $900 million in two-part
first mortgage bonds, said market sources.

Banc of America Securities, Barclays Capital and RBS
Greenwich Capital were the joint bookrunning managers for the
sale.
BORROWER: DUKE ENERGY CAROLINAS LLC
FIRST TRANCHE:
AMT $300 MLN COUPON 5.10 PCT MATURITY 4/15/2018
TYPE 1ST MTG BDS ISS PRICE 99.853 FIRST PAY 10/15/2008
MOODY'S A2 YIELD 5.119 PCT SETTLEMENT 4/14/2008
S&P SINGLE-A SPREAD 165 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 30 BPS
SECOND TRANCHE:
AMT $600 MLN COUPON 6.05 PCT MATURITY 4/15/2038
TYPE 1ST MTG BDS ISS PRICE 99.725 FIRST PAY 10/15/2008
MOODY'S A2 YIELD 6.07 PCT SETTLEMENT 4/14/2008
S&P SINGLE-A SPREAD 177 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 35 BPS