SoCalGas closes USD 500 million first mortgage bond offering - SRE News | RalliesSoCalGas closes USD 500 million first mortgage bond offering
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SRE• SoCalGas closes first mortgage bond offering
- Southern California Gas closed a USD 500 million offering of 5.500% First Mortgage Bonds, Series GGG, due 2036.
- Net proceeds priced at 98.76% of principal, before about USD 1.1 million of estimated offering expenses.
- Bonds mature Sept. 1, 2036; interest accrues from Aug. 21, 2026.
- Coupon set at 5.500%; semiannual payments due March 1 and Sept. 1 starting March 1, 2027.
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