Duke Energy is seeking to raise about $500 million in a new debt offering targeting retail investors, The Wall Street Journal reports. The U.S. power holding company has launched a new program, PremierNotes, in which retail investors would need to invest a minimum of $1,000 and a maximum of $250,000.
There are no maturities for the notes and they are redeemable on demand. Duke Energy will use the proceeds from the sale for the repayment of its other debt and for general corporate purposes.
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