This utility company is rated Ba2 by Moody’s, BB by S&P, and BB+ by Fitch. The bond recently sold for $832.50, yielding 8.468% with a yield to maturity of 8.574%. If you buy this bond on Nov. 1, 2013, you would make $2,326.50 in interest per bond plus $167.50 in principal. If you purchase this bond between now and November 1, you will make more money. This bond is an Unsecured Senior Debenture. The CUSIP is 177342AP7, the ISIN is US177342AP79, and the SEDOL is 2134059. The company is a citizen’s utility and is listed on one of the exchanges.
If you are 32 years old, this would be a good bond to buy and hold until age 65. If you are younger, it would still be a good bond to hold. You will problably be over 60 years old when it matures. Even if you are not, you can reinvest the money into another bond near your retirement.
You can find out more about the company in the website below.
http://www.fundinguniverse.com/company-histories/citizens-utilities-company-history/
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