Georgia Power Company Series 2017A 5% Jr Subordinated Notes due October 1, 2077
By: Tim McPartland,
Date Issued 9/18/2017
Bonds Sold 10,800,000 Overallotment
S&P Rating BBB Moodys Rating Baa1
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Security Ticker Symbol GPJA
Market Traded ON NYSE
Interest Payment Paid on the 1st of January, April, July and October beginning on 1/01/2018
Quarterly Interest .3125 Annual Interest 1.25
Securities may be redeemed, at the issuers option, as early as 10/01/2022 for a redemption price of $25/share plus accrued interest
Interest Payment Likely Will NOT be a Qualified Distributions
Maturity Date 10/1/2077
Company Investor Relations Page for Georgia Power (Southern Company)
Click here to find the offering Prospectus and Final Pricing Document
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Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
