Utilities & Regulated Infrastructure
Investment-grade utilities and infrastructure issuers.
Regulated utilities and infrastructure issuers generate predictable, ratesupported cash flows, making them a defensive anchor for income portfolios. This screen of ten bonds offers yields from 7.43% to 7.74%, with most issuers rated BBB. Mexican names dominate the screen. CFE's 6.125% 2045 bond yields 7.626%, and its 5.75% 2042 bond yields 7.581%, both rated BBB, giving longdated exposure with a meaningful pickup over comparable investmentgrade utility paper. Ienova's 4.75% 2051 bond, priced at 69.31, yields 7.523%. Relative value is most visible at the edges of the curve and the rating scale. BRKHEC's 7.375% 2055 bond yields 7.74%, the highest on the screen, but its BB rating marks a clear step down in credit quality. NGCTT's 6.05% 2036 bond yields 7.432% with a BBB rating, offering a shorterdated alternative with less spread to the rest of the group.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | PacifiCorp. | …DF26 | 7.375 | 7.74 | 98.8708334 | 2055-09-15 | 2030-06-17 | BB | USD | 850MM |
| 2 | Comision Federal de Electricidad | …AR95 | 6.125 | 7.626 | 85.2 | 2045-06-16 | BBB | USD | 602MM | |
| 3 | Comision Federal de Electricidad | …BR86 | 6.264 | 7.604 | 85.0428 | 2052-02-15 | 2051-08-15 | BBB | USD | 473MM |
| 4 | Comision Federal de Electricidad | …AK43 | 5.75 | 7.581 | 83.6 | 2042-02-14 | BBB | USD | 510MM | |
| 5 | Banco Actinver SA | …AA88 | 7.25 | 7.569 | 97.23375 | 2041-01-31 | 2040-07-31 | BBB | USD | 1.46BN |
| 6 | Infraestructura Energetica Nova Sapi De CV | …AC23 | 4.75 | 7.523 | 69.3125 | 2051-01-15 | 2050-07-15 | BBB | USD | 800MM |
| 7 | Comision Federal de Electricidad | …AE80 | 4.677 | 7.494 | 68.715 | 2051-02-09 | 2050-08-09 | BBB | USD | 613MM |
| 8 | Buffalo Energy Mexico Holding S A De C V | …AA09 | 7.875 | 7.492 | 102.9862 | 2039-02-15 | 2038-11-15 | BBB *- | USD | 521MM |
| 9 | Infraestructura Energetica Nova Sapi De CV | …AB40 | 4.875 | 7.471 | 72.5975 | 2048-01-14 | 2047-07-14 | BBB | USD | 539MM |
| 10 | National Gas Co of Trinidad and Tobago Ltd. | …AB71 | 6.05 | 7.432 | 90.91 | 2036-01-15 | BBB- | USD | 340MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.