Duke Energy plans $1B convertible notes offering due 2029

Duke Energy Corporation announced its intention to offer $1 billion in convertible senior notes due 2029 through a private placement, with an option for initial purchasers to buy an additional $150 million. The proceeds will primarily be used to repay outstanding 4.125% Convertible Senior Notes maturing in April 2026 and for general corporate purposes. This move comes as the utility carries a significant debt load and follows other strategic financial activities and varying analyst perspectives on its valuation and growth prospects.