trending Market Intelligence /marketintelligence/en/news-insights/trending/fs3x-5rjcqjae3r0o-e6mg2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

SDG&E closes sale of $400M 1st mortgage bonds


Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage


COVID-19 Impact & Recovery: Energy Outlook for H2 2021


Corporate renewables market flourished in 2020 despite pandemic


Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

SDG&E closes sale of $400M 1st mortgage bonds

San Diego Gas & Electric Co. on May 17 closed a $400 million public offering of 4.15% series SSS first mortgage bonds due May 15, 2048, to repay outstanding commercial paper.

Interest is payable semiannually May 15 and Nov. 15 each year, beginning Nov. 15. The issue was expected to be rated Aa2 by Moody's, A+ by S&P Global Ratings and AA- by Fitch Ratings. The bonds have a spread to benchmark Treasury of 105 basis points, according to company filings.

Credit Agricole Securities (USA) Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Wells Fargo Securities LLC and Samuel A. Ramirez & Co. Inc. acted as joint book-running managers. Blaylock Van LLC and Guzman & Co. served as co-managers.

San Diego Gas & Electric is a Sempra Energy subsidiary.

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