Southern Co (SO) 2022-3

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD862.5002Aug-24Jr. SubordinatedBaa3BBBBBBFixedTsyT+170 a-1554.47%-100.45400
USD862.5005Aug-27Jr. SubordinatedBaa3BBBBBBFixedTsyT+215 a-2005.11%-100.45300
Tranche Comments
2 yr: Registration: Registered; Comments: US$862.5m cpn 4.475% 2yr (8/1/24) at 100.454, yld 4.262%. Spread: T+155bps; 5 yr: Registration: Registered; Comments: US$862.5m cpn 5.113% 5yr (8/1/27) at 100.453, yld 5.015%. Spread: T+200bps;
Use of Proceeds
Will be used to purchase a portfolio of treasury securities
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