Indiana Michigan Power Co., founded in 1902 and headquartered in Fort Wayne, Indiana, is a subsidiary of American Electric Power (AEP), dedicated to providing reliable electric service to approximately 600,000 customers across Indiana and southwestern Michigan. The company focuses on generating, transmitting, and distributing electricity through a diverse portfolio of energy sources, including coal, natural gas, and renewable energy.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| AEP 3.25% 2051-05-01 USDIndiana Michigan Power Co. | United States | 2051-05-01 | 3.250 | 5.95 |
| AEP 3.75% 2047-07-01 USDIndiana Michigan Power Co. | United States | 2047-07-01 | 3.750 | 6.01 |
| AEP 3.85% 2028-05-15 USDIndiana Michigan Power Co. | United States | 2028-05-15 | 3.850 | 4.31 |
| AEP 4.25% 2048-08-15 USDIndiana Michigan Power Co. | United States | 2048-08-15 | 4.250 | 6.00 |
| AEP 4.55% 2046-03-15 USDIndiana Michigan Power Co. | United States | 2046-03-15 | 4.550 | 5.89 |
| AEP 5.63% 2053-04-01 USDIndiana Michigan Power Co. | United States | 2053-04-01 | 5.625 | 5.94 |
| AEP 6.05% 2037-03-15 USDIndiana Michigan Power Co. | United States | 2037-03-15 | 6.050 | 5.41 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Indiana Michigan Power has been an active participant in the bond market, with its first bond issuance dating back to 1940. In recent years, significant issuances have included a $400 million bond in 2021 aimed at funding infrastructure improvements that enhance service reliability. The company currently offers bonds with yields that are competitive within the utility sector, reflecting its strong credit rating. Notably, the bonds feature attractions such as callable options, allowing investors flexibility. Recent news highlights AEP’s commitment to sustainability, which may influence future bond strategies and investor interest.