Georgia Power Issues Sustainability Bond, Says It's the First From a U.S. Utility
By Stephen Nakrosis
Georgia Power, an electric subsidiary of Southern Co., said
Friday it issued a sustainability bond, adding it was the first
such bond by a U.S. utility.
The company said the 3.25% coupon represents the lowest 30-year
coupon for a publicly traded bond ever issued by any affiliate of
The bond's net proceeds of about $742 million will be allocated
to fund sustainable projects such as spending with diverse and
small business suppliers and investments in renewable energy
projects, Georgia Power said.
Write to Stephen Nakrosis at email@example.com
(END) Dow Jones Newswires
February 26, 2021 16:50 ET (21:50 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.