United States based Electricity provider Alabama Power Company has finalised a private placement in the USD Floating Rate Brownie Bond market. The financing matures in 2073 and was executed by a single dealer.
A Brownie bond is an USD-denominated bond issued by a United-States entity in the USA Domestic Bond market.
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| Issuer Details | |
| Issuer | Alabama Power Company |
| LEI | 0RL818ELFOHP5JHOFU19 |
| Industry | Electricity |
| Country | United States |
| Issuer Description | Alabama Power Company provides utility services. The Company distributes and supplies electricity to residential and commercial sectors, as well as offers lightning solutions, HVAC systems, environmental, food, consulting, and other related services. Alabama Power serves customers in the United States. |
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| Trade Details | |
| Security Type | Bond |
| Amount | USD [Login to see full details] |
| Total Amount including taps | USD [Login to see full details] |
| Total Amount Outstanding | USD [Login to see full details] |
| Total Order Book | USD [Login to see full details] |
| Structure | Floating Rate |
| Reoffer | [Login to see full details] |
| It came at a spread of [Login to see full details] in the Brownie bond market. | |
| Term | [Login to see full details] |
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| Maturity Date | [Login to see full details] |
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A Brownie bond is an USD-denominated bond issued by a United-States entity in the USA Domestic Bond market.
Check here for all issuer’s year to date financings.