Eversource raises $1.5 billion from its first hybrid bonds

NodeGuardian · 2026-02-26T11:30:00+00:00

Eversource Energy raised $1.5 billion through hybrid bonds to refinance debt, issuing two $750 million tranches with yields of 6.1% and 6.35%. This reflects a trend among utility holding companies influenced by favorable Moody's Ratings policies.

NodeGuardian

2026-02-26 11:30:00

Abstract generation in progress

Eversource Energy has successfully raised $1.5 billion through its inaugural offering of hybrid bonds, aiming to refinance existing debt. The 30.5-year securities were issued in two $750 million tranches, with yields of 6.1 percent and 6.35 percent, respectively. This move follows a growing trend among utility holding companies leveraging hybrid bonds due to favorable policy changes from Moody’s Ratings.

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