New Issue: Sempra Energy prices $500 million 1.625% three-year notes with 72 bps over Treasuries

By Cristal Cody

Eureka Springs, Ark., Oct. 4 – Sempra Energy priced $500 million of 1.625% three-year senior notes with a spread of 72 basis points over Treasuries on Tuesday, according to a FWP filing on Tuesday with the Securities and Exchange Commission.

The notes (Baa1/BBB+/BBB+) priced at 99.898 to yield 1.66%.

Goldman Sachs & Co., BofA Merrill Lynch and Mizuho Securities USA Inc. were the bookrunners.

Proceeds will be used to repay commercial paper.

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

Issuer:	Sempra Energy
Amount:	$500 million
Description:	Senior notes
Maturity:	Oct. 7, 2019
Bookrunners:	Goldman Sachs & Co., BofA Merrill Lynch, Mizuho Securities USA Inc.
Co-managers:	BBVA Securities Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC, SMBC Nikko Securities America, Inc.
Coupon:	1.625%
Price:	99.898
Yield:	1.66%
Spread:	Treasuries plus 72 bps
Make-whole call:	Treasuries plus 15 bps
Trade date:	Oct. 4
Settlement date:	Oct. 7
Ratings:	Moody’s: Baa1
	S&P: BBB+
	Fitch: BBB+
Distribution:	SEC registered

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