San Diego Gas & Electric plans to issue 30-year first mortgage bonds

By Devika Patel

Knoxville, Tenn., May 14 – San Diego Gas & Electric Co. expects to price first mortgage bonds, series SSS, due 2048, according to a 424B5 filed with the Securities and Exchange Commission.

Credit Agricole CIB, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Wells Fargo Securities LLC and Samuel A. Ramirez & Co. Inc. are the bookrunners.

Proceeds will be used to repay commercial paper.

The San Diego-based gas and electric utility is a subsidiary of Sempra Energy.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.