AEP Raises $1 Billion in Junior Subordinated Debenture Offering

Reuters04:04
AEP Raises $1 Billion in Junior Subordinated Debenture Offering

American Electric Power Company Inc. $(AEP)$ has announced the offering and sale of $400 million of 5.800% Fixed-to-Fixed Reset Rate Junior Subordinated Debentures, Series C, due 2056, and $600 million of 6.050% Fixed-to-Fixed Reset Rate Junior Subordinated Debentures, Series D, due 2056. Both issuances are part of the same series of debt securities previously issued by the company on September 25, 2025. Upon completion of this latest offering, the total outstanding principal amount for both the Series C and Series D Debentures stands at $1.5 billion each.

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