Duke Energy's stock price drops following the issuance of $1 billion convertible bonds

2026-03-10 02:19:31

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Investing.com – Duke Energy (NYSE: DUK) stock fell 1.1% to $131.01 in early Monday trading after the utility company announced a private placement of $1 billion in convertible bonds due 2029.

The Charlotte, North Carolina-based company said it plans to use the net proceeds from the offering to repay part of its principal amount of $1.725 billion, with a 4.125% coupon rate, maturing on April 15, 2026, including the cash payable upon conversion, as well as for general corporate purposes.

Duke Energy’s market capitalization is approximately $102 billion.

Last month, the company increased its five-year capital expenditure plan to $103 billion to help meet the growing electricity demand from data centers.

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