Français
ItalianoBond Consumers Energy 6.875% ( US210518AT31 ) in USD
| Issuer | Consumers Energy | ||||||||
| Market price | 100 % ⇌ | ||||||||
| Country |  United States
|
||||||||
| ISIN code |
 US210518AT31 ( in USD )
|
||||||||
| Interest rate | 6.875% per year ( payment 2 times a year) | ||||||||
| Maturity | 03/01/2018 - Bond has expired | ||||||||
| Minimal amount | 1 000 USD | ||||||||
| Total amount | 180 000 000 USD | ||||||||
| Cusip | 210518AT3 | ||||||||
| Detailed description |
Consumers Energy is a Michigan-based energy company providing electricity and natural gas to approximately 6.8 million residential, commercial, and industrial customers in the state. This financial article details the specifics of the bond identified by ISIN US210518AT31 and CUSIP 210518AT3, a fixed-income instrument issued by Consumers Energy. This obligation was issued in the United States and denominated in US Dollars (USD), featuring a competitive annual interest rate of 6.875%, with interest payments typically disbursed semi-annually, a common frequency in the bond market. The total issuance size for this particular bond was $180,000,000, with a minimum purchase amount set at $1,000, making it accessible to a range of investors. Consumers Energy, the issuer of this bond, is Michigan's largest energy provider, furnishing electric and natural gas services to millions of customers across the state; as a regulated public utility, the company operates within a stable and essential sector, which generally underpins the creditworthiness and reliability associated with its debt instruments, often making them an attractive consideration for fixed-income portfolios seeking consistent returns from a utility-backed entity. A key characteristic of this bond is its lifecycle status: it reached its designated maturity date on March 1, 2018, and was subsequently fully redeemed at its par value, reflecting the 100% market price observed at the time of repayment, thereby confirming that Consumers Energy has fulfilled its financial obligations to the bondholders for this specific debt issuance. |
||||||||
| |||||||||