By Rebecca Melvin
New York, Sept. 11 – Infraestructura Energetica Nova SAB de CV, or IEnova, priced $800 million of 4¾% senior notes due 2051 (Baa1/BBB/BBB) on Thursday, according to a Singapore Securities Exchange announcement.
The Rule 144A and Regulation S notes are expected to be listed for trading on the Singapore exchange.
Proceeds of the notes are earmarked for general corporate purposes, including repaying all or a portion of IEnova’s outstanding revolving credit facility, among other short-term debt.
IEnova is Mexican gas distributor majority-owned by California-based utility holding company Sempra Energy.
| Issuer: | Infraestructura Energetica Nova SAB de CV
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| Amount: | $800 million
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| Description: | Senior notes
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| Maturity: | 2051
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| Coupon: | 4¾%
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| Pricing date: | Sept. 10
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| Closing date: | Sept. 15
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| Ratings: | Moody’s: Baa1
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| S&P: BBB
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| Fitch: BBB
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| Distribution: | Rule 144A and Regulation S
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