debt
confidence high
sentiment neutral
materiality 0.60
PG&E completes $2.25B debt issuance of first mortgage bonds in three tranches
PG&E Corp
- Sold $850M of 5.550% First Mortgage Bonds due 2029, $1.1B of 5.800% due 2034, $300M of 6.750% due 2053.
- 2053 Bonds are a reopening of series issued Jan 2023 and Jun 2023; outstanding now $1.55B.
- Underwriters: Barclays Capital, BMO Capital Markets, BNP Paribas Securities, BofA Securities.