trending Market Intelligence /marketintelligence/en/news-insights/trending/J9SOqAgDo14ir--hZGIL3w2 content esgSubNav
In This List

Consumer Energy sells $850M in 1st mortgage bonds

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Using ESG Analysis to Support a Sustainable Future

Research

US utility commissioners: Who they are and how they impact regulation

Blog

Q&A: Datacenters: Energy Hogs or Sustainability Helpers?


Consumer Energy sells $850M in 1st mortgage bonds

Consumers Energy Co. sold $850 million of first mortgage bonds in two tranches to redeem certain outstanding debt due in 2019.

The CMS Energy Corp. subsidiary sold $300 million of its 3.80% first mortgage bonds due 2028 and $550 million of its 4.35% first mortgage bonds due 2049.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC, KeyBanc Capital Markets Inc., Mizuho Securities USA LLC, MUFG Securities Americas Inc. and SMBC Nikko Securities America Inc. were joint book-running managers. Comerica Securities Inc., U.S. Bancorp Investments Inc., Williams Capital Group LP and C.L. King & Associates Inc. served as co-managers.

The proceeds will be used to redeem $350 million of 6.125% and $500 million of 6.700% first mortgage bonds, according to a Nov. 13 SEC filing.