CMSC - CMS Energy Corporation: A Safe New 5.875% Baby Bond IPO

Introduction

In this article, we want to present a new Baby Bond issued by CMS Energy Corporation (CMS).

Our goal is purely to inform you about the product while refraining ourselves from an investment recommendation. Even though the product may not be of interest to us and our financial objectives, it definitely is worth taking a look at.

The New Issue

Before we submerge into our brief analysis, here is a link to the 424B2 Filing by CMS Energy Corporation - the prospectus.

Source: SEC.gov

For a total of 25.2M notes issued, the

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