Duke Energy makes $600m green splash

Duke Energy Progress has issued green bonds totalling $600m to finance renewable energy projects including the development, construction and procurement of solar generation in the Carolinas. The issuance is the second green bond by a Duke Energy subsidiary, with Duke Energy Carolinas having issued $1bn in November last year. The latest green bonds were priced at a 3.45% fixed-rate coupon and have a 10-year maturity. Underwriters included banks Academy Securities and CL King and Associates, Duke said. Duke Energy chief financial officer Steve Young said: “We are providing our customers and communities with ever-cleaner energy – and these investments help us get there even faster as we expand renewable energy across the Carolinas.