Sempra Energy sold $750 million of its 3.25% notes due June 15, 2027, to repay outstanding commercial paper, according to a June 6 free writing prospectus.
Interest is payable semiannually on June 15 and Dec. 15, starting Dec. 15. The notes have a spread to benchmark Treasury of 115 basis points. The issue was expected to be rated Baa1 by Moody's, and BBB+ by both S&P Global Ratings and Fitch Ratings.
Citigroup Global Markets Inc., RBC Capital Markets LLC, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC acted as joint book-running managers. Barclays Capital Inc., BBVA Securities Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and Mizuho Securities USA LLC served as co-managers.
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