DTE Energy (DTE) has priced the previously announced baby bonds.
The Junior Subordinated Debentures are priced at 4.375%–right where razorbackea said they would price.
The company can defer interest payments up to 40 consecutive quarters (10 years) without being in default.
No ticker has been announced. It is likely this issue will start trading next week.
The pricing term sheet can be read here.