DTE Energy intends to conduct offering of series A fixed-rate notes

By Devika Patel

Knoxville, Tenn., March 8 – DTE Energy Co. intends to conduct a sale of 2017 series A fixed-rate senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

The notes feature a make-whole call and then a par call.

Barclays, BNP Paribas Securities Corp., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Scotia Capital (USA) Inc. are the bookrunners.

Proceeds will be used for repayment of short-term borrowings with an average interest rate of about 0.85% and maturities under 30 days and for general corporate purposes.

DTE is a Detroit-based diversified energy company.

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