Bond SouthCal Edison 6.65% ( US842400EB53 ) in USD

Issuer SouthCal Edison
Market price refresh price now   105.45 %  ▼ 
Country  United States
ISIN code  US842400EB53 ( in USD )
Interest rate 6.65% per year ( payment 2 times a year)
Maturity 01/04/2029



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Minimal amount 1 000 USD
Total amount 300 000 000 USD
Cusip 842400EB5
Standard & Poor's ( S&P ) rating BBB ( Lower medium grade - Investment-grade )
Moody's rating Baa1 ( Lower medium grade - Investment-grade )
Next Coupon 01/04/2026 ( In 110 days )
Detailed description Southern California Edison is a major investor-owned electric utility serving a large portion of Central, Southern, and Coastal Southern California.

This financial analysis centers on a specific bond issued by Southern California Edison, identifiable by ISIN US842400EB53 and CUSIP 842400EB5. Southern California Edison, a prominent subsidiary of Edison International, operates as one of the largest electric utility companies in the United States, providing essential electricity services to approximately 15 million people across a vast 50,000 square mile service territory in Southern California, encompassing residential, commercial, and industrial customers, thereby serving as a critical infrastructure provider within a heavily regulated industry. This particular debt instrument, issued in the United States and denominated in USD, is presently trading at 104.06% of its par value on the open market, indicating a premium valuation. It offers an attractive annual interest rate of 6.65%, with coupon payments disbursed semi-annually. The total initial size of this offering was $300,000,000, with a minimum purchase amount set at $1,000, making it accessible to a variety of investors. The bond is slated to mature on April 1, 2029, and benefits from investment-grade credit ratings, holding a BBB rating from Standard & Poor's and a Baa1 rating from Moody's, reflecting a stable and relatively low-risk profile for this regulated utility's debt.