Detroit Edison Co, founded in 1903 and headquartered in Detroit, Michigan, is a prominent utility company delivering electricity to residential and commercial customers in Southeast Michigan. The company operates as a subsidiary of DTE Energy, providing reliable energy services while focusing on sustainable practices and community engagement.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| DTE 3.95% 2042-06-15 USDDetroit Edison Co | United States | 2042-06-15 | 3.950 | 5.48 |
| DTE 4.50% 2041-09-01 USDDetroit Edison Co | United States | 2041-09-01 | 4.500 | 5.14 |
| DTE 5.45% 2035-02-15 USDDetroit Edison Co | United States | 2035-02-15 | 5.450 | 4.92 |
| DTE 5.70% 2037-10-01 USDDetroit Edison Co | United States | 2037-10-01 | 5.700 | 4.95 |
| DTE 6.63% 2036-06-01 USDDetroit Edison Co | United States | 2036-06-01 | 6.625 | 4.84 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Detroit Edison has a long-standing history of bond issuances, with its first securities dating back to the 1920s. Notably, in 2021, the company launched a $600 million green bond offering to finance renewable energy projects, reflecting its commitment to sustainability. Currently, yields on its bonds are competitive within the utility sector, typically ranging between 3.5% and 4.0%, depending on maturity. The bonds often include unique features such as call options, allowing for potential refinancing in favorable conditions, which can be attractive to investors seeking flexibility.