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DTE Energy to Sell New Baby Bonds

Michigan utility DTE Energy (DTE) has announced a new issue of $25/share subordinated debenture.

The issue will mature in 2081 and will have an early optional redemption available to the company beginning in 12/1/2026.

The issue will be investment grade.

The company has announced the intention to redeem their 6.00% subordinated debentures (DTY) which become redeemable on 12/15/2021.

The preliminary prospectus can be read here.

EarlyBird was on this one a few minutes ago.

3 thoughts on “DTE Energy to Sell New Baby Bonds”

  1. Well thank goodness this has a maturity…. That 60 year maturity will put a limit on the duration risk …. lol.

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