Bond Georgia Energy 5.4% ( US373334JK88 ) in USD
Issuer | Georgia Energy |
Market price | 100 % ⇌ |
Country | ![]() |
ISIN code |
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Interest rate | 5.4% per year ( payment 2 times a year) |
Maturity | 01/06/2018 - Bond has expired |
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Minimal amount | 1 000 USD |
Total amount | 250 000 000 USD |
Cusip | 373334JK8 |
Detailed description |
Georgia Power is a subsidiary of Southern Company, the largest electric utility in Georgia, providing electricity to more than 2.7 million customers. This financial article provides details regarding a specific bond issuance by Georgia Power, a regulated electric utility company and a subsidiary of Southern Company, which serves millions of customers across Georgia with essential electricity services, utilizing a diversified energy generation portfolio including nuclear, fossil fuel, and renewable sources, often making its debt instruments attractive due to the stable nature of the utility sector. The bond, identified by ISIN US373334JK88 and CUSIP 373334JK8, was issued in the United States with a total original issuance size of $250,000,000, available for purchase in minimum increments of $1,000. It carried an annual interest rate of 5.4%, with interest payments disbursed semi-annually, and was denominated in United States Dollars (USD); while its historical market price was noted at 100% of par, it is important to note that this specific debt instrument reached its maturity date on June 1, 2018, and has subsequently been fully repaid to its bondholders. |