AAA

Indiana Michigan Power Company 5.625% 01-APR-2053

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Overview
Analysis

AEP5558540 analysis



Key facts


Issuer
Indiana Michigan Power Co.
Issue date
Mar 23, 2023
Maturity date
Apr 1, 2053
Outstanding amount
‪500.00 M‬USD
Face value
1,000.00USD
Minimum denomination
2,000.00USD
Coupon
5.63% (Fixed)
Yield to maturity
5.75%
Indiana Michigan Power Co. engages in the business of generation, transmission, and distribution of electric power. The firm is also involved in supplying and marketing electric power at wholesale to other electric utilities, municipalities, and rural electric cooperatives. The company was founded on May 11, 1907 and is headquartered in Columbus, OH.
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