By Andrea Heisinger
New York, Oct. 5 - Sempra Energy priced an upsized $750 million of 6% 30-year senior unsecured notes on Monday to yield Treasuries plus 205 basis points, according to an FWP filing with the Securities and Exchange Commission.
The size was initially $500 million, a source close to the sale said.
The notes (Baa1/BBB+/A) priced at 99.159 to yield 6.061%. They have a make-whole call at Treasuries plus 30 bps.
Bookrunners were Bank of America Merrill Lynch, J.P. Morgan Securities Inc. and RBS Securities Inc.
Co-managers were BBVA Securities Inc., BNY Mellon Capital Markets LLC, Goldman Sachs & Co., Mitsubishi UFJ Securities, SG Americas Securities LLC and U.S. Bancorp Investments.
Proceeds will be used for general corporate purposes, including repayment of commercial paper.
The utility company is based in San Diego.
| Issuer: | Sempra Energy
|
| Issue: | Senior unsecured notes
|
| Amount: | $750 million, increased from $500 million
|
| Maturity: | Oct. 15, 2039
|
| Bookrunners: | Bank of America Merrill Lynch, J.P. Morgan Securities Inc., RBS Securities Inc.
|
| Co-managers: | BBVA Securities Inc., BNY Mellon Capital Markets LLC, Goldman Sachs & Co., Mitsubishi UFJ Securities, SG Americas Securities LLC, U.S. Bancorp Investments
|
| Coupon: | 6%
|
| Price: | 99.159
|
| Yield: | 6.061%
|
| Spread: | Treasuries plus 205 bps
|
| Call: | Make-whole at Treasuries plus 30 bps
|
| Trade date: | Oct. 5
|
| Settlement date: | Oct. 8
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB+
|
| Fitch: A
|
© 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.
