New Issue-CMS Energy sells $300 mln in 10-yr notes

Tue Jun 9, 2009 10:50pm BST
[-] Text [+]
  June 9 (Reuters) - CMS Energy Corporation (CMS.N: Quote, Profile, Research) on
Tuesday sold $300 million of 10-year senior notes, said IFR, a
Thomson Reuters service.
  Barclays and Deutsche Bank were the active bookrunning
managers for the sale. Bank of America, Citigroup and UBS were
the passive bookrunners.
BORROWER: CMS ENERGY CORPORATION
AMT $300 MLN      COUPON 8.75 PCT     MATURITY 6/15/2019 
TYPE SR NOTES     ISS PRICE 98.374    FIRST PAY 12/15/2009
MOODY'S Ba1       YIELD 9.00 PCT      SETTLEMENT 6/15/2009
S&P BB-PLUS       SPREAD 514 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    MAKE-WHOLE CALL 50 BPS

 
 
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