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.
An in-depth analysis reveals the US210518CW42 bond (CUSIP: 210518CW4), a United States-issued fixed-income instrument from Consumers Energy, a significant regulated electric and natural gas utility operating primarily in Michigan, which recently reached its scheduled maturity on August 31, 2024, and has since been fully repaid; this USD-denominated obligation, part of a $250,000,000 total issuance with a minimum purchase size of $1,000 and semi-annual payments, carried a fixed interest rate of 3.125% and was observed trading at 99.825% of its par value prior to its redemption, having maintained robust investment-grade credit ratings of 'A' from Standard & Poor's and 'A1' from Moody's throughout its lifecycle.
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