New Duke Energy Perpetual Preferred Now Trading NYSE

The new perpetual preferred issue from Duke Energy (NYSE:DUK) has started trading on the big board under the ticker of DUK-A after trading on the OTC Grey market for a week or so.

This issue has a coupon of 5.75% and the market has moved the price up into the $25.47 area as of the close Tuesday. The issue is rated BBB- by S&P and Baa3 by Moodys (this is the lowest investment grade ratings by these 2 agencies).

You can get further detail here as well as access to the prospectus.

This issue was 40 million shares so it will take a bit of time to ‘sop up’ the big supply and then we may see a move a bit higher from here.

3 thoughts on “New Duke Energy Perpetual Preferred Now Trading NYSE”

  1. Tim, is this DUK-A the old DUEKL issue?
    A little slow today on the uptake, not aware of when or what the DUEKL symbol changed into

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