debt
confidence high
sentiment neutral
materiality 0.50
CenterPoint subsidiary SIGECO issues $325M secured bonds across three tranches due 2034-2055
CENTERPOINT ENERGY INC
- SIGECO issued $100M 5.18% Series 2024A due 2034 and $60M 5.28% Series 2024A due 2036 on Aug 29, 2024.
- Additional $165M 5.69% Series 2025A due 2055 to be issued on Jan 31, 2025 (or earlier).
- Proceeds for general corporate purposes, including repaying short-term debt, refunding long-term debt, and funding Posey solar project.
- Bonds secured ratably with existing first mortgage bonds under Amended and Restated Mortgage Indenture with Deutsche Bank as trustee.