Pacific Gas and Electric Company · Bankruptcy · 2019 · 2.95% Senior Notes due March 1, 2026
Is the instrument a Deliverable Obligation for this credit event, on 7 checks: the issuer is the Reference Entity; the Maximum Maturity (30 years), Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics; and Not Contingent?
Verified answer
Basis. All 7 checks pass on the record: the issuer is the Reference Entity, the instrument meets the Maximum Maturity, Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics, and it is Not Contingent.
Source clauses
Twenty-Seventh Supplemental Indenture of 2016-03-01
Amended and Restated Indenture of 2005-04-22
How it was checked · 2 checks
- Rule re-applied. All 7 checks, and the check that the core facts are present, re-applied to the stored facts give the same results as the Mastermind v3 run of 2026-09-29.
- Quote verified. Every quoted clause (5 facts) appears verbatim in its cited section.
About this question
The instrument is a Deliverable Obligation when every check passes. Each check has its own question on this case; the source clauses behind them are marked in the documents below.
These checks are CDSBench's provisional reading of the 2014 ISDA Credit Derivatives Definitions, not legal advice.
Instrument: 2.95% Senior Notes due March 1, 2026
Source documents
The case record. Sections behind the verified answer are marked.
- DOC-1 PG&E Corporation / Pacific Gas and Electric Company 8-K filed 2019-01-29, Item 1.03 Bankruptcy (and Item 2.04), petition 2019-01-29excerpts
- DOC-2 Twenty-Seventh Supplemental Indenture dated March 1, 2016, 2.95% Senior Notes due March 1, 2026 (EX-4.1)excerpts
- DOC-3 Amended and Restated Indenture dated April 22, 2005, Pacific Gas and Electric Company (base indenture, EX-4.1 to the Q1 2005 Form 10-Q)excerpts
Related questions and cases
Same case
- #2 Does the instrument meet the Maximum Maturity characteristic (30 years)?Yes
- #3 Does the instrument meet the Specified Currency characteristic (USD, EUR, JPY, GBP, CHF, CAD)?Yes
- #4 Does the instrument meet the Not Subordinated characteristic?Yes
- #5 Does the instrument meet the Not Bearer characteristic?Yes
- #6 Is the instrument Not Contingent (principal not reducible for a reason other than payment)?Yes
- #7 Does the instrument meet the Transferable characteristic?Yes
- #8 Is the issuer of the instrument the Reference Entity?Yes
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