debt
confidence high
sentiment neutral
materiality 0.65
CenterPoint Energy issues $800M junior subordinated notes in two tranches due 2055
CENTERPOINT ENERGY INC
- $400M Series A at 7.000% fixed to Feb 2030, then resets at 5-yr Treasury + 3.254%.
- $400M Series B at 6.850% fixed to Feb 2035, then resets at 5-yr Treasury + 2.946%.
- Notes are unsecured, junior subordinated, with optional interest deferral up to 20 consecutive periods.
- Underwriting syndicate led by Barclays, Goldman Sachs, JPMorgan, Mizuho, Morgan Stanley; closing expected Aug 14, 2024.