Bond SouthCal Edison 5.35% ( US842400FA61 ) in USD

Issuer	SouthCal Edison
Market price	101.103 % ▼
Country	United States
ISIN code	US842400FA61 ( in USD )
Interest rate	5.35% per year ( payment 2 times a year)
Maturity	15/07/2035
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Minimal amount	1 000 USD
Total amount	350 000 000 USD
Cusip	842400FA6
Standard & Poor's ( S&P ) rating	BBB+ ( Lower medium grade - Investment-grade )
Moody's rating	A2 ( Upper medium grade - Investment-grade )
Next Coupon	15/01/2026 ( In 34 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 details an investment-grade bond issued by Southern California Edison (SCE), identified by ISIN US842400FA61 and CUSIP 842400FA6. Southern California Edison, a prominent subsidiary of Edison International, operates as one of the largest electric utilities in the United States, providing electricity generation, transmission, and distribution services across a vast region of Southern California, excluding the City of Los Angeles. As a long-established and heavily regulated entity, SCE's operations are characterized by significant stability and a reliable revenue base, which contributes to its robust credit profile. This specific bond, denominated in USD, offers a fixed coupon rate of 5.35% and is slated for maturity on July 15, 2035, with interest payments distributed semi-annually. The total issuance size for this debt instrument is $350,000,000, with a minimum purchase quantity of $1,000, making it accessible to a range of investors. The bond is currently trading on the market at 95.949% of its par value. Reflecting its issuer's strong financial health and operational stability, the bond holds an "A-" credit rating from Standard & Poor's (S&P) and an "A2" rating from Moody's, both signifying its investment-grade status and indicating a relatively low risk of default for prospective bondholders.