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ItalianoBond DTE Electric 5.7% ( US250847EA44 ) in USD
| Issuer | DTE Electric | ||||||||
| Market price |  100 % ▼ |
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| Country |  United States
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| ISIN code |
 US250847EA44 ( in USD )
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| Interest rate | 5.7% per year ( payment 2 times a year) | ||||||||
| Maturity | 10/01/2037 | ||||||||
| Minimal amount | 1 000 USD | ||||||||
| Total amount | 250 000 000 USD | ||||||||
| Cusip | 250847EA4 | ||||||||
| Standard & Poor's ( S&P ) rating | A ( Upper medium grade - Investment-grade ) | ||||||||
| Moody's rating | Aa3 ( High grade - Investment-grade ) | ||||||||
| Next Coupon | 04/01/2027 ( In 139 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. This financial article provides details on a bond issued by DTE Electric, a regulated utility and a primary subsidiary of DTE Energy, which serves over 2.3 million customers with electricity in southeastern Michigan, representing a critical component of the United States' energy infrastructure. Bearing the ISIN US250847EA44 and CUSIP 250847EA4, this USD-denominated obligation offers a fixed interest rate of 5.7%, with payments occurring semi-annually, and is set to mature on October 1, 2037. The total issue size for this security is $250,000,000, available for a minimum purchase of $1,000, and is presently quoted at 100% of its face value in the market. Its creditworthiness is affirmed by ratings of 'A' from Standard & Poor's and 'Aa3' from Moody's. |
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