DUK - Duke Energy to issue $1.5B of convertible senior notes due 2026
2023-04-03 07:18:37 ET
- Duke Energy ( NYSE: DUK ) to sell $1.5B of convertible senior unsecured notes due 2026 in a private offering .
- Initial purchasers have an option to purchase up to an additional $225M of the convertible notes.
- Net proceeds will be used to repay a portion of company's commercial paper and for general corporate purposes.
- Interest on the notes will be payable semiannually in arrears.
- Meanwhile, give a quick look at the company's capital structure:
- "With potential annual returns in the 10% range, DUK offers a mix of higher yield and stability compared to more volatile sectors in the market", says SA contributor Gen Alpha in his article " Duke Energy: High Quality Income At The Right Price. "
For further details see:
Duke Energy to issue $1.5B of convertible senior notes due 2026