DTE Energy Raises USD440 Million in Public Offering of 3.75% Bonds Due 2047

Published: Jul 31 2017
Deal Summary

DTE Energy Company (DTE Energy), a power generation and distribution company, has completed the public offering of 3.75% bonds due August 15, 2047, for gross proceeds of USD440 million. The bonds were issued at 99.946% of the principle amount. Interest on the bonds will be paid semi-annually.

Bank of America Merrill Lynch, Barclays Capital Inc, The Bank of New York Mellon, Mizuho Financial Group, Inc., UBS AG and Wells Fargo & Company acted as bookrunners to the company for this offering.

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