On Mar 16, 2026 SDG&E (Sempra subsidiary) agreed to sell $625M 5.200% 1st Mtge Bonds Series DDDD due 2036…
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On Mar 16, 2026 SDG&E (Sempra subsidiary) agreed to sell $625M 5.200% 1st Mtge Bonds Series DDDD due 2036 @99.754% and $475M 5.950% Series EEEE due 2056 @99.392% — aggregate $1.1B offering. Underwriters: BofA, Goldman, RBC, Truist. $SRE 📈 #Sempra #bonds
Investor takeaway: adds $1.1B of secured long-term debt (1st mortgage bonds) with coupons 5.20% (2036) and 5.95% (2056) — likely to raise interest expense and affect leverage; offered under Sempra’s effective S‑3 shelf. $SRE 🏦 #debt #utilities
Offering is a registered public resale via prospectus supplement under Form S‑3 (File No. 333-269677). Underwriting Agreement filed as Exhibit 1.1 to the 8‑K; bonds sold severally (not jointly). 📝 #SEC #offerings