Bond Pacific Power & Light 3.15% ( US694308JP35 ) in USD

Issuer Pacific Power & Light
Market price 100 %  ▲ 
Country  United States
ISIN code  US694308JP35 ( in USD )
Interest rate 3.15% per year ( payment 2 times a year)
Maturity 31/12/2025 - Bond has expired



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Minimal amount 1 000 USD
Total amount 1 951 470 000 USD
Cusip 694308JP3
Standard & Poor's ( S&P ) rating BBB- ( Lower medium grade - Investment-grade )
Moody's rating Baa3 ( Lower medium grade - Investment-grade )
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.

An investment opportunity in the fixed-income market is currently presented by an obligation issued by Pacific Gas and Electric (PG&E), a prominent utility company based in the United States. Pacific Gas and Electric Company, commonly known as PG&E, serves over 16 million people across a vast 70,000-square-mile service area in Northern and Central California. As a regulated utility, its core business involves the transmission and distribution of natural gas and electricity. The company has navigated significant challenges, including a major restructuring following wildfire-related liabilities, underscoring its ongoing efforts to enhance safety protocols, operational resilience, and financial stability, a crucial context for understanding its credit profile. Identified by the ISIN US694308JP35 and CUSIP 694308JP3, this bond currently trades at its par value of 100% in United States Dollars (USD). It carries a fixed interest rate of 3.15% and is part of a substantial total issuance valued at USD 1,951,470,000. Investors looking to acquire this instrument can do so with a minimum purchase size of USD 1,000. The bond is set to mature on December 31, 2025, offering a relatively short-term investment horizon, with interest payments distributed semi-annually. The security's creditworthiness has been assessed by leading rating agencies, with Standard & Poor's assigning a rating of BBB- and Moody's providing a Baa3 rating. Both ratings place the bond at the lower end of the investment-grade spectrum, signaling that while default risk is considered low, the issuer's capacity to meet its financial commitments might be more susceptible to adverse economic conditions or unforeseen events compared to higher-rated entities. These ratings reflect PG&E's ongoing operational improvements and financial management, set against its historical challenges and the complex regulatory environment in which it operates. This particular bond therefore offers a fixed-income avenue for investors seeking exposure to a major U.S. utility, balancing the yield against the issuer's specific credit nuances.