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 details a specific bond issuance by Georgia Power, a prominent electric utility serving over 2.7 million customers across the state of Georgia and operating as a wholly-owned subsidiary of Southern Company, one of the largest electric utility holding companies in the United States known for its extensive power generation and distribution infrastructure and commitment to reliable energy supply; identified by ISIN US373334KC44 and CUSIP 373334KC4, this U.S.-issued obligation, denominated in USD, represented a total issuance size of $200,000,000 with a minimum purchase amount of $1,000, and though it carried a stated coupon rate of 0% with a semi-annual payment frequency, a characteristic often associated with zero-coupon bonds where the return is realized at maturity through the principal repayment, it successfully matured on August 15, 2016, at a market price of 100% and has since been fully repaid, reflecting the issuer's financial stability as evidenced by its credit ratings of A- from Standard & Poor's and A3 from Moody's.
|
Français
Italiano
United States
US373334KC44 ( in USD )
