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Alabama Power Company FRN 15-MAY-2073

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Analysis

Key terms


Outstanding amount
‪200.00 M‬USD
Face value
1,000.00USD
Minimum denomination
1,000.00USD
Coupon
3.95% (Variable)
Coupon frequency
Quarterly
Yield to maturity
3.95%
Maturity date
May 15, 2073
Term to maturity
47 years

About Alabama Power Company FRN 15-MAY-2073


Issuer
Alabama Power Co.
Sector
Utilities
Industry
Electric Utilities
Issue date
May 8, 2023
FIGI
BBG01GJ3QWG0
Alabama Power Co. engages in the generation, distribution and sale of electricity. The firm owns coal reserves near its Plant Gorgas and uses the output of coal from the reserves in its generating plants. It also sells, and cooperates with dealers in promoting the sale of electric appliances. The company was founded by William Patrick Lay, James Mitchell and Thomas W. Martin on December 4, 1906 and is headquartered in Birmingham, AL.
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