SempraEnergy sold $500 million of its 1.625% notes due Oct. 7, 2019, torepay outstanding commercial paper.
Interest on the notes is payable semiannually in arrears April7 and Oct. 7, starting April 7, 2017, according to an Oct. 4 free writingprospectus. The notes have a spread to benchmark Treasury of 72 basis points.
The issue was expected to be rated Baa1 by Moody's and BBB+by both S&P Global Ratings and Fitch Ratings.
Goldman Sachs & Co., Merrill Lynch Pierce Fenner &Smith Inc. and Mizuho Securities USA Inc. acted as joint book-running managers.BBVA Securities Inc., Deutsche Bank Securities Inc., HSBC Securities (USA)Inc., Morgan Stanley & Co. LLC and SMBC Nikko Securities America Inc.served as co-managers.
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