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Indiana Michigan Power 4.25% 2048-08 USD

Update! New bond issue: Indiana Michigan Power (NYSE:AEP) issued new debt notes (US454889AT36, 454889AT3) for 475M USD as of August 6, 2018. Tradable at TRACE OTC as of August 7, 2018. Listed at NYSE as of August 9, 2018.

Indiana Michigan Power Company is a subsidiary of American Electric Power (AEP), a major electric utility in the United States of America, delivering electricity to more than five million customers in 11 states. AEP is headquartered in Columbus, Ohio.

IssuerIndiana Michigan Power
Stock (Group)NYSE:AEP
Bond TypeCorporate
CategorySenior, Callable, SEC Registered
Maturity DateAugust 15, 2048
Residual Duration26 years, 10 months, 25 days
CurrencyUSD (United States Dollar)
Coupon TypeFixed Rate
Coupon (Yearly)4.250%
Coupon FrequencySemiannual
Minimum Lot2,000 USD
Additional Lots1,000 USD
Issue DateAugust 8, 2018
Issued Amount475,000,000 USD
Issue Price99.428%
Maturity Price100.000%
Bond RatingA- (S&P), A3 (Moody's)
Home ExchangeTRACE
Other ExchangesFrankfurt, Berlin, NYSE
IsinUS454889AT36
Cusip454889AT3
Issue DocumentationIssue Prospectus
IndustryElectric Utilities
SectorUtilities
CountryUnited States
RegionAmerica developed


Bonds, Corporate, Utilities, Electric Utilities, America developed, United States, USD, Fixed Rate, Income


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