Cleveland Electric Illuminating Company, founded in 1905 and headquartered in Cleveland, Ohio, serves as a vital utility provider in the region, primarily focused on delivering reliable electric service to residential and commercial customers. The company offers a range of services, including power distribution, energy efficiency programs, and innovative solutions for sustainable energy use.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| FE 3.50% 2028-04-01 USDCleveland Electric Illuminating Co. | United States | 2028-04-01 | 3.500 | 4.14 |
| FE 3.50% 2028-04-01 USDCleveland Electric Illuminating Co. | United States | 2028-04-01 | 3.500 | 4.14 |
| FE 4.55% 2030-11-15 USDCleveland Electric Illuminating Co. | United States | 2030-11-15 | 4.550 | 4.42 |
| FE 4.55% 2030-11-15 USDCleveland Electric Illuminating Co. | United States | 2030-11-15 | 4.550 | 4.42 |
| FE 5.95% 2036-12-15 USDCleveland Electric Illuminating Co. | United States | 2036-12-15 | 5.950 | 5.19 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Cleveland Electric Illuminating Co. has a longstanding history of bond issuances, beginning with its initial bonds in the early 20th century to fund infrastructure improvements. Noteworthy recent issuances include a $200 million green bond in 2021 aimed at financing renewable energy initiatives, which showcased the company's commitment to sustainability. The current yield on its bonds averages around 3.5%, competitive within the utility sector, reflecting investor confidence and stable credit ratings. Recent news highlights their plan to expand renewable energy sources, potentially leading to future bond offerings to support these initiatives.