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DTE Energy Prices Subordinated Debentures

DTE Energy (DTE) has priced their new issue of subordinated debentures.

The issue prices at 4.375%.

S&P rates the issue BBB- with Moody’s rating it Baa3 (both low investment grade). Fitch rates it BB+.

The issue will not trade on the OTC before trading on its permanent exchange. For those desired shares (b0nds) prior to exchange trading they will need to contact their brokers bond desk.

The ticker symbol has not been announced.

The pricing term sheet can be found here.

One thought on “DTE Energy Prices Subordinated Debentures”

  1. It may be Junior and Subordinated, but at least it’s a Debenture. So I guess it can’t be all bad, right?

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