New Issue: Sempra Energy sells upsized $500 million 2.875% 10-year notes at 110 bps spread

By Andrea Heisinger

New York, Sept. 19 - Sempra Energy priced an upsized $500 million of 2.875% 10-year notes on Wednesday at a spread of Treasuries plus 110 basis points, a markets source said.

The original issue size was $400 million.

The notes (Baa1/BBB+/BBB+) were sold at 99.965 to yield 2.879%. There is a make-whole call at 20 bps over Treasuries until July 1, 2022, with a par call after that date.

Goldman Sachs & Co., RBC Capital Markets LLC and UBS Securities LLC were the bookrunners.

Sempra plans to use the proceeds for general corporate purposes.

The holding company for utility subsidiaries is based in San Diego.

Issuer:	Sempra Energy
Issue:	Notes
Amount:	$500 million, upsized from $400 million
Maturity:	Oct. 1, 2022
Bookrunners:	Goldman Sachs & Co., RBC Capital Markets LLC, UBS Securities LLC
Co-managers:	SG Americas Securities, LLC, SMBC Nikko Capital Markets Ltd., Lloyds Securities Inc., PNC Capital Markets LLC, Williams Capital Group, LP
Coupon:	2.875%
Price:	99.965
Yield:	2.879%
Spread:	Treasuries plus 110 bps
Call:	Make-whole at Treasuries plus 20 bps until July 1, 2022, par call after
Trade date:	Sept. 19
Settlement date:	Sept. 24
Ratings:	Moody's: Baa1
	Standard & Poor's: BBB+
	Fitch: BBB+

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