WASHINGTON (dpa-AFX) - Duke Energy Corporation (DUK) Monday announced its plan to offer $1.5 billion convertible senior notes due 2026, in a private placement.
The company plans to use the net proceeds from the offering to repay a portion of its commercial paper and for general corporate purposes.
Duke Energy intends to provide the initial purchasers of the notes with an option to purchase, within a 13-day period, up to an additional $225 million of the notes.
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