CenterPoint Energy issues $700M of 6.400% Junior Subordinated Notes due 2058

CENTERPOINT ENERGY INC

$700M aggregate principal of 6.400% Fixed-to-Fixed Reset Rate Junior Subordinated Notes, Series E, due 2058.
Interest at 6.400% through Aug 15, 2033, then resets every 5 years at 5-Year Treasury + 1.885% with a 6.400% floor.
Notes are unsecured, rank junior to all senior indebtedness; interest may be deferred up to 20 consecutive semi-annual periods.
Underwriters include Mizuho, PNC, Scotia, TD, U.S. Bancorp; offering under existing shelf registration.
Use of proceeds not specified in the filing.

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