Consumers Energy to redeem 5.65% bonds due 2020 via new bonds

By Marisa Wong

Morgantown, W.Va., May 22 – Consumers Energy Co. intends to redeem its 5.65% first mortgage bonds due April 15, 2020 using proceeds from an offering of new first mortgage bonds, according to a 424B5 filing with the Securities and Exchange Commission.

There is $300 million principal amount of the existing bonds outstanding.

Consumers Energy is an electric and gas utility based in Jackson, Miss.

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