Bond Pacific Power & Light 4.25% ( US694308HN05 ) in USD

Issuer	Pacific Power & Light
Market price	100 % ▲
Country	United States
ISIN code	US694308HN05 ( in USD )
Interest rate	4.25% per year ( payment 2 times a year)
Maturity	15/03/2046
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Minimal amount	1 000 USD
Total amount	450 000 000 USD
Cusip	694308HN0
Standard & Poor's ( S&P ) rating	BBB- ( Lower medium grade - Investment-grade )
Moody's rating	Baa3 ( Lower medium grade - Investment-grade )
Next Coupon	15/09/2026 ( In 164 days )
Detailed description	Pacific Gas and Electric Company (PG&E) is a large investor-owned utility serving Northern and Central California, providing natural gas and electric service to approximately 16 million people. A recent financial market review highlights a specific long-term fixed-income instrument, identified by its ISIN US694308HN05 and CUSIP 694308HN0, issued by Pacific Gas & Electric (PG&E), a prominent regulated utility operating primarily in Northern and Central California within the United States. The issuer's creditworthiness is assessed by leading rating agencies, with Standard & Poor's assigning a 'BBB-' rating and Moody's an equivalent 'Baa3', both categorizing the bond within the investment-grade spectrum. This particular bond, denominated in USD, currently trades at 100% of par value, indicating its market price aligns precisely with its face value, and carries an annual interest rate, or coupon, of 4.25%, with interest payments distributed semi-annually. The total issuance size of this bond is set at $450,000,000, structured to accommodate diverse investors with a minimum purchase size of $1,000, offering a yield to maturity that aligns with its coupon given its par trading. With a maturity date of March 15, 2046, this constitutes a long-term debt instrument, offering investors a predictable return profile over an extended period.