debt
confidence high
sentiment neutral
materiality 0.55
Consumers Energy closes $400M First Mortgage Bond issuance across four maturities
CONSUMERS ENERGY CO
- $115M 5.24% due 2026, $50M 5.07% due 2029, $95M 5.17% due 2032, $140M 5.38% due 2037.
- Bonds issued under 1945 Indenture, 149th Supplemental Indenture dated May 30, 2023; secured by first mortgage.
- Interest payable semi-annually on May 15 and Nov 15, commencing Nov 15, 2023.
- Bonds redeemable at any time at 100% plus premium prior to par call date.
- Bond Purchase Agreement entered Jan 12, 2023; issuance closed May 30, 2023.