DUK Duke Energy Corp New

By Michael Dabaie

Duke Energy's (DUK) Duke Energy Florida subsidiary completed two totaling $900 million debt issuances.

The first transaction, totaling $700 million, was a green bond, which will finance eligible green energy projects. This includes the development, construction and procurement of solar generation and utility-scale battery storage projects in the state, Duke said.

Duke Energy Florida said the second transaction, totaling $200 million, was led by PNC Bank and five financial institutions representing African American-owned, women-owned, Hispanic-owned and disabled veteran-owned institutions. Each of the firms served as an active bookrunner. The firms included CastleOak Securities, C.L. King & Associates, Drexel Hamilton, Great Pacific Securities and Ramirez & Co., Duke said.

The funds from this bond will be used to cover costs associated with Hurricane Dorian, as well as other general corporate purposes.

Write to Michael Dabaie at michael.dabaie@wsj.com

(END) Dow Jones Newswires

November 26, 2019 13:51 ET (18:51 GMT)

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