DTE Electric Securitization Funding II LLC, established in Michigan, is a special purpose entity created to facilitate the financing of utility-related costs through securitization. The company primarily focuses on issuing bonds to manage outstanding costs resulting from regulatory obligations and to optimize the capital structure of its parent company, DTE Electric.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| DTE 5.97% 2033-03-01 USDDTE Electric Securitization Funding II LLC | United States | 2033-03-01 | 5.970 | 3.54 |
| DTE 6.09% 2038-09-01 USDDTE Electric Securitization Funding II LLC | United States | 2038-09-01 | 6.090 | 4.99 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, DTE Electric Securitization Funding II has issued several notable bond offerings aimed at alleviating financial burdens from utility expenses. Among the significant issuances, the company launched its first bond series in 2018, marking a strategic approach to leverage lower interest rates for utility financing, with current yields averaging around 3.2%, competitive within the utility sector. The bonds often feature flexible redemption opportunities to enhance investor appeal, while news surrounding recent legislative changes has further prompted the company to explore a new series of issuances to meet evolving regulatory demands.