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ItalianoBond DTE Electric 3.9% ( US250847EG14 ) in USD
| Issuer | DTE Electric | ||||||
| Market price | 100 % ▼ | ||||||
| Country |  United States
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| ISIN code |
 US250847EG14 ( in USD )
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| Interest rate | 3.9% per year ( payment 2 times a year) | ||||||
| Maturity | 06/01/2021 - Bond has expired | ||||||
| Minimal amount | 1 000 USD | ||||||
| Total amount | 250 000 000 USD | ||||||
| Cusip | 250847EG1 | ||||||
| Standard & Poor's ( S&P ) rating | N/A | ||||||
| Moody's rating | N/A | ||||||
| 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. The US250847EG14 bond, identified by CUSIP 250847EG1, was an obligation issued by DTE Electric, a significant electric utility company providing service primarily to customers in southeastern Michigan, operating as a subsidiary of DTE Energy, a diversified energy company based in Detroit. This financial instrument, denominated in US Dollars (USD), featured a coupon interest rate of 3.9% and represented a total issue size of $250,000,000, with the minimum purchase amount set at $1,000. Interest payments were structured with a frequency of two times per year, indicative of a semi-annual payment schedule. Originated in the United States, the bond reached its scheduled maturity date on June 1, 2021, at which point it was fully redeemed at its stated par value, consistent with the reported market price of 100% at the time of its reimbursement. |
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