debt
confidence high
sentiment neutral
materiality 0.50
Consumers Energy issues $500M 4.90% First Mortgage Bonds due 2029, proceeds to redeem $325M bonds
CONSUMERS ENERGY CO
- Issued $500M of 4.90% First Mortgage Bonds due 2029 under shelf registration.
- Net proceeds to redeem $325M of 3.375% First Mortgage Bonds due Aug 15, 2023, and for general corporate purposes.
- Estimated offering expenses total $1.1M including $850K rating agency fees.
- Underwriters include MUFG, RBC, Wells Fargo, BNP Paribas, Scotia Capital, Loop Capital.