Eversource Raises $1.5 Billion From Its First Hybrid Bonds

Eversource Energy raised $1.5 billion from selling its first hybrid bonds, as the New England utility operator looks to refinance debt.

The 30.5-year securities were offered in two $750 million parts, according to a person with knowledge of the matter. One of the bonds can’t be bought back for 5.25 years, and the other not for 10.5 years, said the person, who asked not to be identified as they’re not authorized to speak publicly.