debt
confidence high
sentiment neutral
materiality 0.55
CenterPoint Energy issues $500M of 6.700% junior subordinated notes due 2055
CENTERPOINT ENERGY INC
- $500M aggregate principal of 6.700% Fixed-to-Fixed Reset Rate Junior Subordinated Notes, Series C, due 2055.
- Initial interest rate 6.700% p.a. through May 15, 2030; thereafter resets every 5 years at Five-year Treasury plus 2.586%.
- Interest payable semi-annually on May 15 and Nov 15, beginning May 15, 2025; maturity May 15, 2055.
- Company may defer interest for up to 20 consecutive semi-annual periods without triggering default, with restrictions on dividends and share buybacks.