Teco Energy recently dipped into the bond market for $700 million in a two-part deal to take out short-term debt, says Mark Kane, director of investor relations in Tampa, Fla. The deal was led by Banc of America Securities, BNY Capital Markets,Credit Suisse First Boston and Salomon Smith Barney, he adds, declining to comment on the criteria used in the selection process or to elaborate on the debt being taken out.
May 19, 2002