September 10, 2020 |
IEnova, the Mexican subsidiary of US company Sempra Energy, said Wednesday that it had started marketing a possible private placement to refinance short-term debt.
According to a source involved in the deal, the company hired BBVA, Bank of America, Citi, JPMorgan, and Scotiabank as joint bookrunners and began talking to investors on Wednesday about dollar-denominated notes of intermediate to long maturity.
Moody's assigned a Baa2 rating with a negative outlook to the proposed notes of up to $800
Sempra's Mexican subsidiary plans to issue dollar-denominated bonds to refinance short-term debt