Issuer:
|
DTE Energy Company | |
Security:
|
2006 Series B 6.35% Senior Notes due 2016 | |
Size: |
$300,000,000 | |
Maturity Date: |
June 1, 2016 | |
Coupon:
|
6.35% | |
Interest Payment Dates:
|
June 1 and December 1, commencing December 1, 2006 | |
Price to Public: |
99.940% | |
Spread to Benchmark Treasury: |
+130 bp | |
Benchmark Treasury: |
5.125% due May 15, 2016 | |
Benchmark Treasury Yield: |
5.058% | |
Make-whole call:
|
At any time at a discount rate of Treasury plus 30 basis points | |
Expected Settlement Date:
|
T+3; May 26, 2006 | |
CUSIP: |
233331 AM 9 | |
Anticipated Ratings:
|
Baa2 by Moodys Investors Service, Inc. and BBB- by Standard & Poors Ratings Services | |
Joint Book-Running Managers:
|
Barclays Capital Inc. | |
Citigroup Global Markets Inc. | ||
J.P. Morgan Securities Inc. | ||
Co-Managers:
|
Comerica Securities, Inc. | |
Credit Suisse Securities (USA) LLC | ||
Deutsche Bank Securities Inc. | ||
KeyBanc Capital Markets, a Division of McDonald Investments Inc. | ||
Morgan Stanley & Co. Incorporated | ||
Wachovia Capital Markets, LLC | ||
Wedbush Morgan Securities, Inc. |