Duke Energy Corp 5.625% (DUKB) is a fixed income security issued by Duke Energy, a utility company that provides electric and gas services in the United States. The security is a perpetual bond, meaning that it has no maturity date and pays a fixed coupon rate of 5.625% per year.
DUKB is listed on the New York Stock Exchange and is traded like a stock. The security's price can fluctuate depending on market conditions, interest rate changes, and other factors.
Investors in DUKB are entitled to receive interest payments on a quarterly basis. The coupon rate of 5.625% is fixed and does not change over the life of the security. As a perpetual bond, DUKB does not have a maturity date, meaning that investors can hold the security for an indefinite period of time.
DUKB is rated BBB+ by Standard & Poor's, indicating that it is a medium-grade investment. This rating reflects Duke Energy's strong market position and financial stability, as well as the relatively low risk associated with the company's operations.
Overall, DUKB is a fixed income security that may be suitable for investors seeking a steady stream of income with relatively low risk. However, investors should be aware of the risks associated with any investment, and should consider their individual financial goals and risk tolerance before investing in any security.
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