IEnova prepares 10-, 30-year securities sale

IEnova prepares 10-, 30-year securities sale

Bonds Debt Capital Markets Fixed Income Mexico

Sempra Energy’s Mexican unit, IEnova, will likely price benchmark-sized 10- and 30-year bonds on Thursday, DCM sources said. Bank of America Merrill Lynch, Citi and Scotiabank started initial price talk in the high 100bp area over US Treasuries on the 10-year note and the high 200bp area on the longer-dated bond. Over the past 18 months, Baa1/BBB/BBB+ IEnova has obtained new projects, including a $2.1bn marine pipeline, of which it holds 40% in a joint venture with Transcanada. The company also

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