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Alabama Power Company 4.3% 15-JUL-2048

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Key terms


Outstanding amount
‪500.00 M‬USD
Face value
1,000.00USD
Minimum denomination
2,000.00USD
Coupon
4.30% (Fixed)
Coupon frequency
Semi-annual
Yield to maturity
5.32%
Maturity date
Jul 15, 2048
Term to maturity
23 years

About Alabama Power Company 4.3% 15-JUL-2048


Issuer
Alabama Power Co.
Sector
Utilities
Industry
Electric Utilities
Issue date
Jun 28, 2018
FIGI
BBG00L8PBS14
Alabama Power Company, an integrated utility, generates, purchases, transmits, distributes, and sells electricity to residential, commercial, and industrial customers in Alabama. The company generates electricity through coal, nuclear, oil and gas, hydro plants. It sells electricity at retail in approximately 400 cities and towns, including Anniston, Birmingham, Gadsden, Mobile, Montgomery, and Tuscaloosa, as well as in rural areas; and at wholesale to 14 municipally-owned electric distribution systems. Alabama Power Company also sells electric appliances. The company was founded in 1906 and is based in Birmingham, Alabama. Alabama Power Company is a subsidiary of The Southern Company.
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