CenterPoint Energy Seeks $900 Million in Convertible Bond (1)

CenterPoint Energy Inc. is seeking to raise $900 million in a sale of convertible bonds due 2028, as power-hungry data centers and manufacturing drive up demand.

The Houston-based electric and gas utility is offering a coupon of 2.75% to 3.25% on the convertible senior notes, according to people familiar with the matter. The company has received requests over the past three months to add about 6 gigawatts of demand to its Houston area utility, two thirds of which comes from data centers, Chief Executive Officer Jason Wells said on an earnings call last week.

Shares of Centerpoint fell 1.3% on ...