Southern Company Series 2016A 5.25% Junior Subordinated Notes due October 1, 2076
By: Tim McPartland,
Date Issued 9/15/2016
Shares Issued 32,000,000 Overallotment Shares None
S&P Rating BBB Moodys Rating Baa3
Security Ticker Symbol SOJB
Market Traded ON NYSE
Interest Payment Paid on the 1st of January, April, July and October beginning on 01/1/2017
Quarterly Interest .328 Annual Interest 1.3125
Securities may be redeemed, at the issuers option, as early as 10/1/2021 for a redemption price of $25/share plus accrued interest
Interest Payment Will NOT be Qualified Distributions (it is interest-not a dividend)
NOTE–this issue allows issuer to defer interest payments for up to 40 consecutive quarters without it being a default event.
Maturity Date 10/1/2076
Company Investor Relations Page for Southern Company
Click Here to find the offering prospectus and/or final pricing documents
Related Posts:
Tim McPartland
Connect with Tim McPartland
