Issuer: |
CMS Energy Corporation (CMS) | |
Size: |
$250,000,000 6.55% Senior Notes due 2017 (Fixed Rate Notes) | |
$150,000,000 Floating Rate Senior Notes due 2013 (Floating Rate Notes) | ||
Maturity: |
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Fixed Rate Notes: |
July 17, 2017 | |
Floating Rate Notes: |
January 15, 2013 | |
Interest rate: |
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Fixed Rate Notes: |
6.55% | |
Floating Rate Notes: |
Three-month LIBOR (Reuters LIBOR01) plus 95 basis points | |
Yield to maturity (Fixed Rate Notes): |
6.585% | |
Spread (Fixed Rate Notes): |
150 basis points | |
Benchmark Treasury Security |
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(Fixed Rate Notes): |
4.5% due May 15, 2017 | |
Benchmark Treasury Yield |
||
(Fixed Rate Notes): |
5.085% | |
Optional redemption: |
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Fixed Rate Notes: |
Make-whole call at treasury rate plus 30 basis points | |
Floating Rate Notes: |
100% on or after July 15, 2009 | |
Interest payment dates: |
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Fixed Rate Notes: |
January 17 and July 17 | |
Floating Rate Notes: |
January 15, April 15, July 15 and October 15 | |
First interest payment date: |
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Fixed Rate Notes: |
January 17, 2008 | |
Floating Rate Notes: |
October 15, 2007 | |
Public offering price: |
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Fixed Rate Notes: |
99.742% per note; $249,355,000 total | |
Floating Rate Notes: |
100.000% per note; $150,000,000 total | |
Trade date: |
June 19, 2007 | |
Settlement date: |
July 3, 2007 (T+10) | |
Ratings: |
Ba1 / BB+ / BB- (Moodys / S&P / Fitch) |
|
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. | ||
Joint Book-Running Managers: |
Deutsche Bank Securities Inc.; | |
Barclays Capital Inc.; | ||
Citigroup Global Markets Inc.; | ||
J.P. Morgan Securities Inc.; | ||
Merrill Lynch, Pierce, Fenner & Smith Incorporated; | ||
Wachovia Capital Markets, LLC | ||
CUSIP: |
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Fixed Rate Notes: |
125896BA7 | |
Floating Rate Notes: |
125896BB5 |