[Duke Energy, 7 March 2019]

Duke Energy's subsidiary, Duke Energy Progress, has issued $600 million in green bonds; the money generated from these bonds will go towards green energy projects such as the development of new solar farms in North and South Carolina. The green bonds are priced at a 3.45% fixed-rate coupon and with a 10-year maturity. This is the second round of green bonds Duke Energy has issued; the first round amounted to $1 billlion of green bonds issued in November 2018 by Duke Energy Carolinas. Duke Energy's green initiatives have already reduced the company's by 31% from 2005 levels. Steve Yoing, Duke Energy's Executive Vice President and CFO, stated, "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. We saw strong interest in our first green bond last year and are excited to expand these offerings for investors.”