CMS Energy Corp 5.625% Junior Subordinate - CMSA is a type of junior subordinated debt security issued by CMS Energy Corporation. It has a 5.625% fixed coupon rate and a final maturity date of June 1, 2076. As a junior subordinated debt security, CMSA ranks below other debt obligations of the company in terms of priority of payment in the event of default.
CMS Energy Corporation is a publicly traded energy company based in Michigan, USA. It operates primarily in the electric utility and natural gas distribution markets, serving more than 6 million customers in Michigan and other parts of the Midwest. The company also has interests in independent power production and owns and operates several coal-fired and natural gas-fired power plants. CMS Energy is committed to reducing its carbon footprint and transitioning to cleaner energy sources, with a goal of reaching net zero carbon emissions by 2040.
As a debt security, CMSA offers investors a fixed income stream in the form of interest payments. However, as a junior subordinated debt security, it also carries a higher degree of risk compared to other types of debt securities, as it is lower in priority of payment in the event of default. Investors considering CMSA should carefully review the risks associated with this security and consult with their financial advisor before making any investment decisions.
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