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Duke Energy Plans $1 Billion Convertible Debt Offering

BY MT Newswires | CORPORATE | 03/09/26 07:37 AM EDT

07:37 AM EDT, 03/09/2026 (MT Newswires) -- Duke Energy (DUK) said Monday it intends to issue $1 billion of convertible senior notes maturing in 2029 via a private placement.

The transaction grants initial buyers a 13-day option to purchase up to an additional $150 million of the securities, the company said.

The utility provider said it plans to use the net proceeds to help pay off $1.73 billion in outstanding convertible debt due on April 15 and fund general corporate activities.

Shares of the company were down 1.5% in premarket activity Monday.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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