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Duke Energy Plans $1.75 Billion Equity Units Offering

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Duke Energy plans a public offering of 35 million equity units, each initially priced at $50, for $1.75 billion in aggregate stated amount. Each unit combines a contract to purchase Duke Energy common stock in the future with two interests in remarketable senior notes. Net proceeds will redeem $500 million of junior subordinated debentures, repay commercial paper, and fund general corporate purposes.

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