Duke Energy Prices Upsized $1.3 Bln Convertible Senior Notes Offering

Duke Energy priced $1.3 billion aggregate principal of 3.000% convertible senior notes due 2029 in a private placement, up from the previously announced $1.0 billion. The offering provides $1.3B of capital at a 3.00% coupon with a 2029 maturity; the deal size was increased versus the initial announcement. Immediate market impact should be limited absent conversion terms or use of proceeds disclosure.

Analysis

Duke Energy priced $1.3 billion aggregate principal of 3.000% convertible senior notes due 2029 in a private placement, up from the previously announced $1.0 billion. The offering provides $1.3B of capital at a 3.00% coupon with a 2029 maturity; the deal size was increased versus the initial announcement. Immediate market impact should be limited absent conversion terms or use of proceeds disclosure.