Duke Energy to conduct two-tranche offering of fixed-rate notes

By Devika Patel

Knoxville, Tenn., June 4 – Duke Energy Corp. intends to price a dollar-denominated sale of notes in two tranches, according to a 424B5 filed with the Securities and Exchange Commission.

The notes will be sold in fixed-rate tranches due 2029 and 2049.

The notes will have make-whole calls until March 15, 2029 for the 2029 notes and until Dec. 15, 2048 for the 2049 notes and par calls after those dates.

MUFG, Mizuho Securities USA Inc., PNC Capital Markets LLC, Scotia Capital (USA) Inc. and TD Securities (USA) LLC are the bookrunners.

Proceeds will be used to repay commercial paper and for general corporate purposes.

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

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