Hawaiian Electric Bankers Meet Investors on Possible Junk Bond

JPMorgan Chase & Co. is holding meetings with investors over a possible high-yield bond sale for Hawaiian Electric Industries Inc., according to people with knowledge of the matter.

The electricity supplier commenced calls with investors in the fixed-income market on Monday to discuss a potential $400 million senior, unsecured junk-bond deal, Hawaiian Electric said in an regulatoryfiling. The bonds, which would mature in eight years, are expected to help fund capital expenditures and refinance debt.

Discussions with investors are slated to continue on Tuesday, and a deal could launch as soon as this week, said the people, ...