NYSE:SREIntegrated Utilities
How Investors Are Reacting To Sempra’s (SRE) $800 Million Junior Subordinated Note Issuance
Earlier this week, Sempra completed an US$800 million fixed-to-floating rate junior subordinated unsecured note offering, set to mature in April 2056, featuring callable and variable rate features with a 1% discount per security.
This substantial issuance of junior subordinated and unsecured notes signifies Sempra’s move to bolster liquidity and optimize its capital structure without diluting existing shareholders.
We’ll examine how this new US$800 million variable rate financing could...