Duke Energy will conduct three-tranche offering of fixed-rate notes

By Devika Patel

Knoxville, Tenn., Aug. 7 – Duke Energy Corp. intends to price a dollar-denominated offering of notes in three tranches, according to a 424B5 filed with the Securities and Exchange Commission.

The notes will be sold in three fixed-rate tranches due 2022, 2027 and 2047.

The notes will have make-whole calls until July 15, 2022 for the 2022 notes, until May 15, 2027 for the 2027 notes and until Feb. 15, 2047 for the 2047 notes and par calls after those dates.

Barclays, BofA Merrill Lynch, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and MUFG are the bookrunners.

Proceeds will be used to repay at maturity $700 million of 1.625% senior notes due Aug. 15, 2017, to repay commercial paper and for general corporate purposes.

The energy company is based in Charlotte, N.C.

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