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Duke Energy Progress Secures $1 Billion Through Bond Issuance
RECENTLY ACQUIREDSep 11, 2026•1 day ago
Amount Raised
$1 Billion
Round Type
Funding Round
CharlotteEnergyOil And GasRenewable Energy
Investors
U.S. Bancorp Investments, Inc.Smbc Nikko Securities America, Inc.Scotia Capital (Usa) Inc.Pnc Capital Markets LlcMufg Securities Americas Inc.Bny Mellon Capital Markets, Llc
Description
On September 11, 2026, Duke Energy Progress, LLC completed the sale of $700 million in First Mortgage Bonds, 5.55% Series due 2036, and $300 million in First Mortgage Bonds, 6.15% Series due 2056. This issuance was made under an underwriting agreement with several financial institutions. The bonds were sold at a discount to their principal amounts, aimed at financing various projects. The event signifies a major funding milestone for the company.
Company Information
Company
Duke Energy Progress
Location
Charlotte, North Carolina, United States
About
Duke Energy Progress is a subsidiary of Duke Energy servicing central and eastern North Carolina and parts of South Carolina. It plays a crucial role in providing reliable electricity to its customers. The subsidiary is focused on improving energy efficiency and sustainability initiatives.
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CharlotteEnergyOil And GasRenewable Energy