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Duke Energy closes $600M note offering

Duke Energy Corp. on March 11 closed the sale of its $600 million of senior notes due March 11, 2022, which consisted of $300 million of floating-rate notes and $300 million of 3.227% notes.

Interest on the floating-rate notes is payable every 11th of March, June, September and December of each year, starting June 11. Interest on the 3.227% notes is payable every March 11 and Sept. 11 of each year, beginning Sept. 11.

The company plans to use the proceeds from the sale of notes to repay outstanding commercial paper and for general corporate purposes.

J.P. Morgan Securities LLC and Scotia Capital (USA) Inc. served as joint book-running managers. KeyBanc Capital Markets Inc. acted as co-manager.