Bond Georgia Energy 2.4% ( US373334KF74 ) in USD

Issuer Georgia Energy
Market price 100 %  ⇌ 
Country  United States
ISIN code  US373334KF74 ( in USD )
Interest rate 2.4% per year ( payment 2 times a year)
Maturity 01/04/2021 - Bond has expired



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Minimal amount 1 000 USD
Total amount 325 000 000 USD
Cusip 373334KF7
Standard & Poor's ( S&P ) rating N/A
Moody's rating N/A
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.

A notable instance of a fully matured fixed-income instrument is the bond issued by Georgia Power, identified by ISIN US373334KF74. Georgia Power, a regulated electric utility, is the largest subsidiary of Southern Company, one of the largest electric utility holding companies in the United States. The company provides electricity to over 2.7 million customers across a significant portion of Georgia, engaging in the generation, transmission, and distribution of power. As a long-standing and essential infrastructure provider, Georgia Power's debt instruments are often viewed by investors through the lens of a stable utility operation, characterized by predictable revenues and a robust asset base, making them a common feature in institutional and individual portfolios seeking consistent income. This particular bond, bearing the CUSIP 373334KF7, was denominated in United States Dollars (USD) and carried a fixed annual interest rate (coupon) of 2.4%. Issued from the United States, the total size of this specific offering amounted to $325,000,000, with a minimum purchase increment set at $1,000, making it accessible to a range of investors. Interest payments were structured with a frequency of two times per year, ensuring semi-annual disbursements to bondholders. The bond's final market price at the time of its expiry was recorded at 100% of its par value. The maturity date for this instrument was April 1, 2021, and it has successfully reached its maturity, having been fully redeemed, indicating that all principal and due interest obligations to bondholders were met as scheduled.