Issuer:
|
DTE Energy Company | |
Security:
|
2009 Series A 7.625 % Senior Notes due 2014 | |
Format:
|
SEC Registered | |
Size:
|
$300,000,000 | |
Maturity Date:
|
May 15, 2014 | |
Coupon:
|
7.625% | |
Interest Payment Dates:
|
May 15 and November 15, commencing on November 15, 2009 | |
Price to Public:
|
100% of principal amount | |
Spread to Benchmark Treasury:
|
+561.1 basis points (5.611%) | |
Benchmark Treasury:
|
1.875% due April 30, 2014 | |
Benchmark Treasury Yield:
|
2.014% | |
Re-Offer Yield:
|
7.625% | |
Make-whole call:
|
At any time at a discount rate of Treasury plus 50 basis points | |
Trade Date:
|
May 6, 2009 | |
Expected Settlement Date:
|
T+5; May 13, 2009 | |
CUSIP:
|
233331 AN7 | |
Denominations:
|
$1,000 and integral multiples thereof | |
Ratings*:
|
Baa2 by Moodys Investors Service, Inc., BBB- by Standard & Poors Ratings Services and BBB by Fitch Ratings | |
Joint Book-Running Managers:
|
Barclays Capital Inc. BNP Paribas Securities Corp. J.P. Morgan Securities Inc. | |
Co-Managers:
|
Comerica Securities, Inc. Deutsche Bank Securities Inc. Scotia Capital (USA) Inc. UBS Securities LLC |
* | Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. |