Utilities & Regulated Infrastructure
Investment-grade utilities and infrastructure issuers.
The Utilities and Regulated Infrastructure screen highlights longduration, investmentgrade and crossover USD debt offering compelling yields between 7.50% and 8.00% amid persistent macroeconomic uncertainty. Crossborder relative value is heavily concentrated in Mexican quasisovereign and private infrastructure names, where issues like CFELEC's 6.264% 2052 and IENOVA's 4.75% 2051 deliver yieldstoworst of 7.80% and 7.53%, respectively. Premium yield opportunities extend across North American corporates, exemplified by Berkshire Hathaway Energy Company's BRKHEC 7.375% 2055 printing at a 7.99% YTW and Brookfield Infrastructure's BIP 6.75% 2055 offering a 7.72% YTW.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | PacifiCorp. | …DF26 | 7.375 | 7.99 | 98.0857143 | 2055-09-15 | 2030-06-17 | BB | USD | 850MM |
| 2 | Comision Federal de Electricidad | …BR86 | 6.264 | 7.802 | 83.11 | 2052-02-15 | 2051-08-15 | BBB | USD | 473MM |
| 3 | Brookfield Infrastructure Finance ULC | …AA70 | 6.75 | 7.72 | 95.05 | 2055-03-15 | 2029-12-15 | BBB- | USD | 300MM |
| 4 | Comision Federal de Electricidad | …AR95 | 6.125 | 7.714 | 84.4 | 2045-06-16 | BBB | USD | 602MM | |
| 5 | National Gas Co of Trinidad and Tobago Ltd. | …AB71 | 6.05 | 7.675 | 89.373 | 2036-01-15 | BBB- | USD | 340MM | |
| 6 | Comision Federal de Electricidad | …AK43 | 5.75 | 7.67 | 82.85 | 2042-02-14 | BBB | USD | 510MM | |
| 7 | Comision Federal de Electricidad | …AE80 | 4.677 | 7.633 | 67.5345333 | 2051-02-09 | 2050-08-09 | BBB | USD | 613MM |
| 8 | Infraestructura Energetica Nova Sapi De CV | …AB40 | 4.875 | 7.557 | 71.843 | 2048-01-14 | 2047-07-14 | BBB | USD | 540MM |
| 9 | Infraestructura Energetica Nova Sapi De CV | …AC23 | 4.75 | 7.525 | 69.2695 | 2051-01-15 | 2050-07-15 | BBB | USD | 800MM |
| 10 | Banco Actinver SA | …AA88 | 7.25 | 7.515 | 97.6875 | 2041-01-31 | 2040-07-31 | BBB | USD | 1.46BN |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.