Oncor Electric Delivery Issues EUR850M 4.55% Notes Due 2056
Oncor Electric Delivery Issues EUR850 Million in Bonds
Oncor Electric Delivery, a subsidiary of Sempra, has announced the issuance of EUR850 million in 4.55% junior subordinated notes due 2056. The offering is part of the company's long-term financing strategy.
Issuance Details
According to the SEC filing, the notes carry a 4.55% coupon rate and mature in 2056. They are classified as junior subordinated notes, which rank below senior debt. This issuance aims to strengthen Oncor's capital structure and diversify its investor base.
About the Company
Oncor Electric Delivery is a Texas-based electric utility company operating under Sempra Energy (NYSE: SRE). It is known for providing reliable electricity distribution services in the region.
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