Northern Indiana Public Service Company (NIPSCO), founded in 1912 and headquartered in Merrillville, Indiana, is a subsidiary of NiSource Inc. dedicated to providing energy solutions in Northern Indiana. The company offers a wide range of essential services, including electric and natural gas distribution to residential, commercial, and industrial customers.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| NI 7.69% 2027-06-07 USDNorthern Indiana Public Service Co | United States | 2027-06-07 | 7.690 | 4.57 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
NIPSCO has a robust bond issuance history that began in the early 1980s when it first entered the public debt market. Notable recent offerings include a $600 million bond issue in 2021 to fund infrastructure upgrades, which boasts favorable yields compared to industry benchmarks. As of late 2023, NIPSCO bonds have maintained strong credit ratings, reflecting the company's commitment to sustainability and reliability, despite broader interest rate fluctuations affecting the utility sector.