Loan & DebtOct 20, 2026, 04:23 PM
CenterPoint Energy Subsidiary SIGECO to Issue $260M in Bonds
AI Summary
CenterPoint Energy's subsidiary, Southern Indiana Gas and Electric Company (SIGECO), entered into a Bond Purchase Agreement to sell a total of $260 million in First Mortgage Bonds across three series. The Series 2026A Bonds ($130M at 5.99% due 2031) will be issued on October 20, 2026. The Series 2026B Bonds ($80M at 6.15% due 2033) are set for issuance on December 15, 2026, and the Series 2027A Bonds ($50M at 6.33% due 2037) on February 25, 2027. Proceeds from these bond sales will be utilized for general corporate purposes, including repaying short-term debt, refunding long-term debt, and funding capital expenditures.
Key Highlights
- SIGECO to sell $130M in 5.99% bonds due 2031 on Oct 20, 2026.
- SIGECO to sell $80M in 6.15% bonds due 2033 on Dec 15, 2026.
- SIGECO to sell $50M in 6.33% bonds due 2037 on Feb 25, 2027.
- Proceeds to be used for general corporate purposes, including debt repayment and capital expenditures.
- Bonds will be secured by SIGECO's first mortgage bonds collateral.
Price Impact
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