SSS

Alabama Power Company 3.75% 01-SEP-2027

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Overview
Analysis

SO5460707 analysis



Key facts


Issuer
Alabama Power Co.
Issue date
Aug 12, 2022
Maturity date
Sep 1, 2027
Outstanding amount
‪550.00 M‬USD
Face value
1,000.00USD
Minimum denomination
2,000.00USD
Coupon
3.75% (Fixed)
Yield to maturity
4.15%
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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