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Duke Energy Corp., 5.625% Junior Subordinated Debentures due 9/15/2078
Ticker Symbol: DUKB     CUSIP: 26441C402     Previous CUSIP:      Exchange: NYSE
Security Type:   Exchange-Traded Debt Security

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Duke Energy Corp., 5.625% Junior Subordinated Debentures due 2078, issued in $25 denominations, redeemable at the issuer's option on or after 9/15/2023 at $25 per note plus accrued and unpaid interest, and maturing 9/15/2078. The company may redeem the debentures before September 15, 2023, in whole but not in part, at their option, following the occurrence of a Tax Event or a Rating Agency Event (see the prospectus for details). Interest distributions of 5.625% per annum ($1.40625 per annum or $0.3515625 per quarter) will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date that will be the business day immediately preceding the payment date (NOTE: the ex-dividend date is one business day prior to the record date). The company has the right, on one or more occasions, to defer the payment of interest on the Debentures for up to 40 consecutive quarterly periods without giving rise to an event of default. Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was rated as Baa2 by Moody’s and BBB by S&P at the date of its IPO. The Debentures are unsecured obligations and rank subordinate and junior in right of payment to all of their current and future senior indebtedness. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NYSE
Chart
5.63%
$1.41
$25.00
$25.00
9/15/2023
n.a.
Baa3 BBB-
4/09/2023
3/15, 6/15, 9/15 & 12/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Goto Parent Company's Record (DUK)

IPO - 9/11/2018 - 20.00 Million Debentures @ $25.00 /deb.    Link to IPO Prospectus
   Changed: 1/01/00
   Changed: 1/01/00
Market Value $ 500 Million

Yahoo News Summary for DUKB
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MSN Company Report for DUKB

Company's Online Information Links
HOME PAGE:     http://www.duke-energy.com/
Company's Investor Relations Information Goto Investor Relations Information
Company's Online News Releases Goto News Releases
Online Company Profile Goto Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Goto SEC Filings

Company's Email Address Links
Email Request Form on Website Goto Email Form

Address and Phone Numbers
Address:   550 South Tryon Street, Charlotte, NC 28202
Main Phone Number 704-382-3853
Fax Number 704-382-3814
Investor Relations 800-488-3853
Toll Free Phone Number 800-488-3853
CEO - Lynn J. Good CFO - Steven K. Young

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