Bond Duval Energy Florida 6.75% ( US34110QAL23 ) in USD

Issuer	Duval Energy Florida
Market price	100 % ▼
Country	United States
ISIN code	US34110QAL23 ( in USD )
Interest rate	6.75% per year ( payment 2 times a year)
Maturity	01/02/2028
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Minimal amount	1 000 USD
Total amount	150 000 000 USD
Cusip	34110QAL2
Standard & Poor's ( S&P ) rating	BBB+ ( Lower medium grade - Investment-grade )
Moody's rating	A3 ( Upper medium grade - Investment-grade )
Next Coupon	01/02/2026 ( In 48 days )
Detailed description	Duke Energy Florida is a regulated electric utility serving approximately 2 million customers across a significant portion of the state of Florida. A new fixed-income opportunity is currently observable in the market, represented by a bond issued by Duke Energy Florida, identified by ISIN US34110QAL23 and CUSIP 34110QAL2. Duke Energy Florida, a significant energy utility based in the United States, operates as a key subsidiary of Duke Energy Corporation, one of the largest electric power holding companies in the U.S. The company's core business involves the generation, transmission, and distribution of electricity to a substantial customer base across Florida, a sector typically characterized by stable and predictable cash flows due to its regulated nature and essential service provision. This particular bond, denominated in USD, is presently trading at 100% of its par value. It features a robust annual interest rate of 6.75%, with interest payments scheduled semi-annually, consistent with its payment frequency of two times per year. The maturity date for this issue is set for February 1, 2028. The total offering size of this bond is 150,000,000 USD, with a minimum purchase size established at 1,000 USD, enabling participation from various investor types. The creditworthiness of this debt instrument is reinforced by its investment-grade ratings from two prominent agencies: Standard & Poor's has assigned a 'BBB+' rating, while Moody's has issued an 'A3' rating. These assessments underscore the issuer's strong capacity to meet its financial obligations, reflecting a relatively low credit risk profile aligned with the stable operations of a well-established U.S. utility.