Southern Power Company 4.90% Senior Unsecured Notes Due October 1, 2035

US843646AY6.XDUS
$95.91 (- $0.16 - 0.17%)
Last updated: 2026-05-21 23:52 UTC
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Börse DüsseldorfGermanyEurope/Berlin
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Market Price95.91
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About the Company
Southern Power Company 4.90% Senior Unsecured Notes Due October 1, 2035, represent a fixed-income debt instrument issued by Southern Power Company, a prominent U.S. electric utility specializing in the development, ownership, and management of power generation assets, including substantial holdings in renewable energy. This senior unsecured bond, maturing in 2035, carries a 4.90% fixed annual coupon, paid to investors as compensation for lending funds to the company over the life of the instrument. As a senior unsecured note, it is not backed by collateral but has priority over subordinated debt in the event of liquidation, highlighting its relatively higher claim in the issuer’s capital structure. Southern Power Company utilizes proceeds from such bond offerings to finance ongoing energy infrastructure investments, acquisitions, and the expansion of both conventional and renewable power assets. The notes attract institutional and retail investors seeking predictable, periodic income and exposure to the stable utility sector, which is considered an essential component of modern economies. The presence of these notes in the capital market underscores Southern Power’s role as a significant wholesale power supplier and its commitment to maintaining diversified funding sources for long-term operational growth.
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