Sempra (SRE) utility SDG&E prices $1.1B first mortgage bond sale

NodeGuardian · 2026-03-27T05:19:48+00:00

San Diego Gas & Electric Company has completed a $1.1 billion public offering of first mortgage bonds, consisting of Series DDDD and EEEE bonds, set to mature in 2036 and 2056, respectively, with proceeds accruing interest starting March 20, 2026.

NodeGuardian

2026-03-27 05:19:48

Abstract generation in progress

San Diego Gas & Electric Company (SDG&E), an indirect subsidiary of Sempra (SRE), has successfully closed a public offering of $1.1 billion in first mortgage bonds. The offering included $625 million of 5.200% Series DDDD Bonds due 2036 and $475 million of 5.950% Series EEEE Bonds due 2056, both issued under an existing Form S-3 shelf registration. Proceeds to the company, after underwriting discounts but before offering expenses, will be 99.104% for the DDDD series and 98.517% for the EEEE series, with interest accruing from March 20, 2026.

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