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Sempra Energy sells $850M floating rate notes

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Sempra Energy sells $850M floating rate notes

Sempra Energy sold $850 million of its floating rate notes due March 15, 2021, to repay outstanding commercial paper and for other general corporate purposes.

Interest is payable March 15, June 15, Sept. 15 and Dec. 15 of each year, starting Dec. 15 of this year. The notes were expected to be rated Baa1 by Moody's and BBB+ by both, S&P Global Ratings and Fitch Ratings, according to an Oct. 10 free writing prospectus.

J.P. Morgan Securities LLC and Mizuho Securities USA LLC served as joint book-running managers.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.