Duke Energy's 5.1% debentures due 2073 admitted to trading on NYSE

By Tali David

Minneapolis, Jan. 16 - Duke Energy Corp.'s 5.125% junior subordinated debentures due 2073 have been admitted to trading on the New York Stock Exchange, according to a notice.

The notes trade under the symbol "DUKH."

The company priced $500 million of the $25-par debentures on Jan. 9.

As previously reported, Bank of America Merrill Lynch, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, UBS Securities LLC and Wells Fargo Securities LLC are the joint bookrunners.

Proceeds will be used to help fund the redemption of $300 million of 7.1% junior subordinated deferrable interest notes due 2039, which were issued by a subsidiary, Florida Progress Funding Corp. Any remaining funds will be used to repay commercial paper as it matures, to fund capital expenditures of unregulated businesses and for general corporate purposes.

Duke Energy is a Charlotte, N.C.-based electric power holding company. Progress Energy is a Raleigh, N.C.-based energy company.

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