CenterPoint Energy Launches $700 Million 6.400% Junior Subordinated Notes Offering Due 2058
CenterPoint Energy entered into an Underwriting Agreement for a $700 million public offering of 6.400% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2058. The notes pay 6.400% until Aug 15, 2033, then reset every five years to the Five-Year Treasury Rate plus 1.885%, with a 6.400% floor…