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ItalianoBond DTE Electric 6.35% ( US250847DU17 ) in USD
| Issuer | DTE Electric | ||||||||
| Market price |  100 % ▼ |
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| Country |  United States
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| ISIN code |
 US250847DU17 ( in USD )
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| Interest rate | 6.35% per year ( payment 2 times a year) | ||||||||
| Maturity | 10/15/2032 | ||||||||
| Minimal amount | 1 000 USD | ||||||||
| Total amount | 225 000 000 USD | ||||||||
| Cusip | 250847DU1 | ||||||||
| Standard & Poor's ( S&P ) rating | A ( Upper medium grade - Investment-grade ) | ||||||||
| Moody's rating | Aa3 ( High grade - Investment-grade ) | ||||||||
| Next Coupon | 04/15/2027 ( In 153 days ) | ||||||||
| Detailed description |
DTE Electric is a Detroit-based energy company providing electricity and natural gas service to approximately 2.2 million customers in southeastern Michigan. Detailed as a bond under ISIN US250847DU17 and CUSIP 250847DU1, this fixed-income instrument is issued by DTE Electric, a regulated electric utility in the United States and a significant subsidiary of DTE Energy dedicated to the generation, distribution, and sale of electricity, whose current market price stands at 100% (par) in USD, yielding a 6.35% annual interest rate on an issue totaling $225,000,000 with a $1,000 minimum purchase, and which is set to mature on October 15, 2032, with semi-annual payment frequency, further bolstered by strong investment-grade credit ratings of 'A' from Standard & Poor's (S&P) and 'Aa3' from Moody's, reflecting its high capacity to meet financial obligations. |
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