Sempra Energy 5.750% Junior - SREA is a junior subordinated debt security issued by Sempra Energy, a Fortune 500 energy services holding company based in San Diego, California. The security was issued in August 2016 and is due to mature in 2076.
As a junior subordinated debt security, SREA has a lower priority of payment than senior debt in the event of bankruptcy or liquidation. This means that SREA holders will only receive payment after senior debt holders have been paid in full. However, SREA holders have priority over common and preferred stockholders.
SREA has a fixed interest rate of 5.75% and pays interest quarterly. The security is callable by Sempra Energy at any time after August 15, 2021, and every interest payment date thereafter.
As of September 2021, SREA had a rating of BBB- from Fitch Ratings, which is an investment-grade rating. The security is listed on the New York Stock Exchange (NYSE) under the ticker symbol SREA.
Investors who are interested in SREA should carefully consider the risks associated with the security, including the risk of default, interest rate risk, and liquidity risk. It is also important to review Sempra Energy's financial statements, credit ratings, and other relevant information before making an investment decision.
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