Utilities & Regulated Infrastructure
Investment-grade utilities and infrastructure issuers.
This screening of global utilities and regulated infrastructure highlights a compelling pocket of longduration yield, with current yieldstoworst clustering in the midtohigh 7% range across both investmentgrade and crossover credits. Highyielding crossborder opportunities stand out, led by issues from Mexico's Comisión Federal de Electricidad (CFELEC) such as its 2052 maturity yielding 7.78% and select midduration names offering deep discounts to par. Ultralong and structures further enhance totalreturn potential in this cohort, exemplified by Berkshire Hathaway Energy's 2055 paper offering a 7.90% yield and EDF's perpetuals trading around 7.65% to 7.68%.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | PacifiCorp. | …DF26 | 7.375 | 7.896 | 98.3833334 | 2055-09-15 | 2030-06-17 | BB | USD | 850MM |
| 2 | Comision Federal de Electricidad | …BR86 | 6.264 | 7.783 | 83.3 | 2052-02-15 | 2051-08-15 | BBB | USD | 473MM |
| 3 | Electricite de France SA | …AA51 | 9.125 | 7.684 | 107.15625 | 2173-06-15 | 2033-03-15 | BB- | USD | 1.5BN |
| 4 | Comision Federal de Electricidad | …AE80 | 4.677 | 7.675 | 67.2 | 2051-02-09 | 2050-08-09 | BBB | USD | 613MM |
| 5 | Electricite de France SA | …AA81 | 9.125 | 7.654 | 107.3125 | 2173-06-15 | 2033-03-15 | BB- | USD | 1.5BN |
| 6 | Comision Federal de Electricidad | …AK43 | 5.75 | 7.628 | 83.2 | 2042-02-14 | BBB | USD | 510MM | |
| 7 | Comision Federal de Electricidad | …AR95 | 6.125 | 7.608 | 85.35 | 2045-06-16 | BBB | USD | 602MM | |
| 8 | Brookfield Infrastructure Finance ULC | …AA70 | 6.75 | 7.578 | 96.66875 | 2055-03-15 | 2029-12-15 | BBB- | USD | 300MM |
| 9 | Cox Asset Mexico S.A. de C.V. | …AA45 | 7.125 | 7.557 | 98.14 | 2032-01-08 | 2031-12-08 | Inv Grade 4 | USD | 1BN |
| 10 | Banco Actinver SA | …AA88 | 7.25 | 7.528 | 97.575 | 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.