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NiSource 6.50% Series B Fixed Rate Reset Cumulative Redeemable Perpetual Preferred Stock

Coupon is fixed until 3/15/2024 at which time the coupon will be reset at a rate of the 5 Year Treasury plus a spread of 3.632%. It will again be reset on each 5th anniversary until 3/15/2044 at which point an additional 1% will be added to the coupon.




Checkbox IconRedeemed 03/15/2024
NI-B
NI
NA
11/28/2018
03/15/2024
None
20,000,000
0
6.50%
$25.00
Yes
Yes
0.401
MAR, JUN, SEP, DEC
15
BBB-
B
Ba1
NR