American Transmission Systems Inc, founded in 2012 and based in Akron, Ohio, serves as a transmission utility subsidiary of FirstEnergy Corp, focusing on the reliable transmission of electricity across its service areas. The company operates and maintains high-voltage transmission lines, supporting the delivery of power to millions of consumers and facilitating regional energy markets.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| FE 2.65% 2032-01-15 USDAmerican Transmission Systems Inc | United States | 2032-01-15 | 2.650 | 4.33 |
| FE 2.65% 2032-01-15 USDAmerican Transmission Systems Inc | United States | 2032-01-15 | 2.650 | 4.30 |
| FE 5.00% 2044-09-01 USDAmerican Transmission Systems Inc | United States | 2044-09-01 | 5.000 | 5.48 |
| FE 5.00% 2044-09-01 USDAmerican Transmission Systems Inc | United States | 2044-09-01 | 5.000 | 5.48 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, American Transmission Systems Inc has engaged in periodic bond issuances to finance infrastructure projects and support operational expansions. Notably, the company issued its debut bonds in 2016, raising $350 million, which were well-received in the market and marked a critical funding milestone. Currently, yields on its bonds are competitive within the industry, aligning closely with similar utilities, reflecting strong demand for its debt instruments. In recent news, the company announced a $500 million bond issuance to further enhance grid reliability, featuring step-up interest rates aimed at attracting long-term investors.