NYSE:ESElectric Utilities
Eversource Junior Notes Add Long Term Risk And Reward Trade Off
Eversource Energy (NYSE:ES) has announced new fixed to floating rate junior subordinated notes due 2056.
The securities feature a fixed coupon initially, then switch to a floating rate after a future reset date.
The notes are callable and are ranked junior to senior debt, which affects both risk and potential yield for buyers.
Eversource Energy, a major regulated utility serving New England, relies on capital markets to fund grid investments, maintenance, and broader infrastructure needs...