Utilities & Regulated Infrastructure
Investment-grade utilities and infrastructure issuers.
This screening highlights compelling relative value across global utilities and regulated infrastructure, capturing US dollardenominated issues offering yields to worst between roughly 7.5% and 8.6%. Crossborder investmentgrade names dominate the upper tiers of the screen, led by extendedduration Mexican utility Comisión Federal de Electricidad (CFELEC) offerings, such as its 6.264% 2052 bonds yielding 7.809%, alongside solid BBB rated regional peers like IENOVA yielding approximately 7.6%. Meanwhile, select highbeta and nearterm paper provides tactical duration compression, exemplified by Enel Chile's (ENELIM) shortend 4% 2026 maturity offering an attractive 8.574% yield to worst alongside Berkshire Hathaway Energy’s (BRKHEC) longduration 7.375% 2055 notes yielding 7.972%.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Enel Americas SA | …AF18 | 4 | 8.574 | 99.93423 | 2026-10-25 | BB+ | USD | 600MM | |
| 2 | PacifiCorp. | …DF26 | 7.375 | 7.972 | 98.1412745 | 2055-09-15 | 2030-06-17 | BB | USD | 850MM |
| 3 | Comision Federal de Electricidad | …BR86 | 6.264 | 7.809 | 83.05 | 2052-02-15 | 2051-08-15 | BBB | USD | 473MM |
| 4 | Brookfield Infrastructure Finance ULC | …AA70 | 6.75 | 7.702 | 95.24375 | 2055-03-15 | 2029-12-15 | BBB- | USD | 300MM |
| 5 | Comision Federal de Electricidad | …AR95 | 6.125 | 7.698 | 84.55 | 2045-06-16 | BBB | USD | 602MM | |
| 6 | National Gas Co of Trinidad and Tobago Ltd. | …AB71 | 6.05 | 7.667 | 89.4235 | 2036-01-15 | BBB- | USD | 340MM | |
| 7 | Comision Federal de Electricidad | …AE80 | 4.677 | 7.623 | 67.6188257 | 2051-02-09 | 2050-08-09 | BBB | USD | 613MM |
| 8 | Comision Federal de Electricidad | …AK43 | 5.75 | 7.608 | 83.35 | 2042-02-14 | BBB | USD | 510MM | |
| 9 | Infraestructura Energetica Nova Sapi De CV | …AC23 | 4.75 | 7.594 | 68.691 | 2051-01-15 | 2050-07-15 | BBB | USD | 800MM |
| 10 | Infraestructura Energetica Nova Sapi De CV | …AB40 | 4.875 | 7.561 | 71.8133333 | 2048-01-14 | 2047-07-14 | BBB | USD | 540MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.