Utilities & Regulated Infrastructure
Investment-grade utilities and infrastructure issuers.
The Utilities and Regulated Infrastructure sector offers compelling yield opportunities for fixedincome portfolios navigating shifting macroeconomic conditions, with current screen yields running firmly across the BBB and highyield spectrums. Issuers in this cohort combine essentialservice cash flow visibility with attractive riskadjusted compensation, highlighted by shortend opportunities like ENELIM's 4.0% 2026 note yielding 8.574% and longerduration instruments such as BRKHEC's 7.375% 2055 paper offering a 7.965% YTW. Crossborder and regional utilities are also presenting deep relative value via discounted pricing structures, exemplified by CFELEC's 2052 maturity trading in the low80s with a 7.788% yield and NGCTT's 2036 offering at a 7.667% YTW.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Enel Americas SA | …AF18 | 4 | 8.574 | 99.95 | 2026-10-25 | BB+ | USD | 600MM | |
| 2 | PacifiCorp. | …DF26 | 7.375 | 7.965 | 98.1625 | 2055-09-15 | 2030-06-17 | BB | USD | 850MM |
| 3 | Comision Federal de Electricidad | …BR86 | 6.264 | 7.788 | 83.25 | 2052-02-15 | 2051-08-15 | BBB | USD | 473MM |
| 4 | Comision Federal de Electricidad | …AE80 | 4.677 | 7.73 | 66.75 | 2051-02-09 | 2050-08-09 | BBB | USD | 613MM |
| 5 | Brookfield Infrastructure Finance ULC | …AA70 | 6.75 | 7.706 | 95.20625 | 2055-03-15 | 2029-12-15 | BBB- | USD | 300MM |
| 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 | …AR95 | 6.125 | 7.663 | 84.85 | 2045-06-16 | BBB | USD | 602MM | |
| 8 | Infraestructura Energetica Nova Sapi De CV | …AC23 | 4.75 | 7.613 | 68.53 | 2051-01-15 | 2050-07-15 | BBB | USD | 800MM |
| 9 | Comision Federal de Electricidad | …AK43 | 5.75 | 7.595 | 83.45 | 2042-02-14 | BBB | USD | 510MM | |
| 10 | Buffalo Energy Mexico Holding S A De C V | …AA09 | 7.875 | 7.588 | 102.23 | 2039-02-15 | 2038-11-15 | BBB *- | USD | 521MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.