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May 1 (Reuters) – Consumers Energy Co on Tuesday
sold $375 million of first mortgage bonds, said IFR, a Thomson
Reuters service.
Citigroup, SunTrust and Wells Fargo were the active
bookrunning managers for the sale.
BORROWER: CONSUMERS ENERGY CO
AMT $375 MLN COUPON 2.85 PCT MATURITY 05/15/2022
TYPE BONDS ISS PRICE 99.991 FIRST PAY 11/15/2012
MOODY’S A3 YIELD 2.851 PCT SETTLEMENT 05/08/2012
S&P; BBB-PLUS SPREAD 90 BPS PAY FREQ SEMI-ANNUAL
FITCH A-MINUS MORE THAN TREAS MAKE-WHOLE CALL 15 BPS
