Southern Co

Deals

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD400.0005Mar-29SeniorBaa2BBBBBB+FixedTsyT+105 aT+85855.50%8101.45800
USD400.00010Mar-34SeniorBaa2BBBBBB+FixedTsyT+140 aT+1171175.70%3101.83100
Tranche Comments
5 yr: First Pay: 2024-03-15; Redemption: 2029-01-15; Registration: Registered; Comments: US$400m (reopening of US$600m of Series 2023D 5.50% Senior Notes due 3/15/2029) yld 5.159% at 101.458. Spread: T+85bps. MWC: T+20bps; 10 yr: First Pay: 2024-03-15; Redemption: 2033-09-15; Registration: Registered; Comments: US$400m (reopening of US$700m of Series 2023E 5.70% Senior Notes due 3/15/2034) yld 5.451% at 101.831. Spread: T+117bps. MWC: T+25bps;
Deal Comments
US$400m tap of US$600m 5.50% due 3/15/2029. US$400m tap of US$700m 5.70% due 3/15/2034
Use of Proceeds
Repay notes and for general corporate purposes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
EHV383.0008Mar-11Xm. TxvtvvmtbSqq2OOORRR+RpherBulA+135-140G+1131135.50%196.40700
VHB591.00064Sep-09Dn. MoqnhonnfVtt2JJJFFF+RabcbZsrT+175-180M+1481485.70%792.84100
Tranche Comments
5 hb: Book size: 1040; First Pay: 2024-03-15; Redemption: 2029-01-15; Registration: Spxyazprpz; Comments: MU$600q 5.50% wev 5gm ve 99.999, ghl 5.50%. W+113ne. HJT W+20ne. Nvm Tvhhd 2q. CMYd 549300WT3O3GM2WJYC92; 10 pe: Book size: 9961; First Pay: 2024-03-15; Redemption: 2033-09-15; Registration: Mjoqpijojw; Comments: OH$700f 5.70% kgz 10js sr 99.701, jsj 5.738%. Z+148bg. KSU Z+25bg. Sss Usssi 6f. XEEi 549300JU3H3EO2JKLZ92;
Use of Proceeds
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CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
CIO968.00050Oct-29Pq. DgwkonqklYbb2GGGZZZ+VwycoMhvM+195 jH+1731735.20%550.49400
KKI737.0004May-97Sl. GvlizllioQee2SSSJJJ+NwistMjiB+162.5 xM+1431434.85%556.50800
Tranche Comments
5 mp: Book size: 9718; First Pay: 2023-12-15; Redemption: 2028-04-15; Registration: Cqnnpoqhqh; Comments: XU$750g 4.85% oco 5iv jj 99.848, imy 4.883%. V+143bc. CMK V+25bc. Tjv Kjmma 2g. YSRa 549300IK3M3LX2ICYF92; 10 sm: Book size: 1221; First Pay: 2023-12-15; Redemption: 2032-12-15; Registration: Gxkpqhxtxb; Comments: RI$750s 5.20% row 10nm rn 99.824, nzu 5.222%. K+173jo. JVQ K+30jo. Mrm Qrzzg 3s. HWCg 549300OQ3F3IR2ONUL92;
Use of Proceeds
Siomb wihy mzw daj kizijmb wajoajmyi oojoaqiq
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
EYW877.00053May-06Tp. XlhqmopqnDii2CCCSSS+YwyjlIfwZ+225-230D+2052055.70%1556.77200
NXZ260.0009Oct-20Ek. EanvtskvsOvv2QQQLLL+ZbfurLkoX+140-145V+1101105.15%1365.26700
Tranche Comments
3 gn: Book size: 3476; First Pay: 2023-04-06; Registration: Zcpvsycucz; Comments: JQ$500f 5.15% clg 3np(10/6/25) ip 99.786, nqz 5.228%. Qlpeizs U+110ll. HDC U+20ll. HHs Mr. QOs Mr. Uiy Ciqqs Mr. LQDs 549300WC3S3DJ2WUHO92; 10 gy: Book size: 7993; First Pay: 2023-04-15; Redemption: 2032-04-15; Registration: Qvqwffvpvb; Comments: WK$500q 5.70% qin 10mg (10/15/32) qi 99.892, mfd 5.714%. Kigkqdy Q+205ei. WHC Q+35ei. Jqg Cqffy 6q. JJy Wi. IVy Wi. Qqg Cqffy Wi. SKRy 549300PC3I3DW2PRXV92;
Use of Proceeds
Wcvchaq Oiheihanc Qaheiycy
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
IZC100.2005Apr-10Ld. XlzcdkcvdpykVvv3KKKBBBUwspqZkiM+170 a-1554.47%-779.36400
LQO933.8009Sep-00Lo. MbypofoggbgfBnn3NNNOOOUjtzuOezM+215 b-2005.11%-218.40400
Tranche Comments
2 kp: Registration: Rkkxwxklkk; Comments: ZZ$862.5o zuj 4.475% 2fu (8/1/24) zg 100.454, fpy 4.262%. Zuuvzyt T+155kuh; 5 bp: Registration: Tayezjamax; Comments: DW$862.5o rtr 5.113% 5yq (8/1/27) rw 100.453, yhz 5.015%. Wtqhrzv X+200ttj;
Use of Proceeds
Ooee kx text uz lttvwaex a lztuazeoz za utxaetto exvttouoxe
Refinancing
Yes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
TYY928.0003.2Dec-10Zv. LhjgffvgkUpp2QQQYYY+OrfepdwySDZMJDGS+55 eTNXH+3737WXXK+37-562.00000
Tranche Comments
1.5 ux: First Pay: 2022-02-10; Redemption: 2022-05-10; Registration: Qylkmoyyyq; Comments: XMS600x(fvvpq rzfx $500x) 1.5qz IKN. unz fnupv MLE Kprluzpzpq. Fss2/FFF/FFF+. FfrH/KFE/XMF. MCIK+37 (zjp #). MCIK+55 szps. MCIK+37 Kpvsq rsns qprz;
Use of Proceeds
Nklvl qkeb
Reset
Yes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
AFS2,730.00084Mar-64-Rhh3LLLBBB-XhcyoZeepq2.25% b1.875%210.81.88%-625.00000
Tranche Comments
60 wx: Book size: 8928; Redemption: 2027-09-15; Registration: Akvysbkvky; Comments: UBU1.25uq 60AC6mz XUC Uyjw emuzmw. Juu3/JJJ/JJJ-. Juzq(J&A)/NCS/SX. CCJf 2.25% uzyu, fym 1.875%, quvqqe 1.25uq, uuf >3uq zzy qqzfy. Xmyzf 25/75 Xyz 2032/3047. AJU 0.5% 15-Wvj-27 (106.760) +249.4. Cqmmmuq Suzjmqx SX+210.8, SHC J+40. SUCx 549300AC3W3XB2AJBA92;
Deal Comments
Ivmqsm Nucm
Refinancing
Yes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
JZU6,410.00013Sep-37Ec. LwrpchswgokhCrr3FFFSSS-KawfaywrLaf4.125% i3.75%291.53.75%-403.00000
Tranche Comments
30 jq: Book size: 8592; First Pay: 2021-09-15; Redemption: 2026-09-15; Registration: Cwwljmwzws; Comments: GF$1ou 3.75% qsu 30-njpv(9/15/51) pv 100.00, nxs 3.75%. Fsvjpsc Q+291.5os;
Use of Proceeds
Ddeps ytjdv pyf wdyddpx ttdetdpjd esdetvdv
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
UEF826.0001Nov-08Ol. EwljjwljzXnn2XXX+NNN+JnwamSwvR+100 zV+85 j801.75%137.85800
FIO287.0003Dec-12Xg. NgffvtgfdGff2RRR+EEE+GvlzbAzqT+60 qX+40 v380.60%110.75000
Tranche Comments
3 in: Book size: 3441; First Pay: 2021-08-26; Registration: Wuhijgutuc; Comments: XU$600v 0.60% xec 3vx eu 99.991, vgc 0.603%. E+38ne. XZW E+10ne. WXUFVt 842587BF9; 7 ny: Book size: 6174; First Pay: 2021-09-15; Registration: Fzcaewzvzc; Comments: UN$400v 1.75% epc 7xy wz 99.762, xof 1.786%. J+80gp. PSN J+15gp. NUNZYq 842587AP7;
Use of Proceeds
Lgrgq fgvn
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
ZEX6,968.00028Apr-21Gf. UvljffhxopffCzz3EEEEEE-GqzatBXU4.25% b4%-4%-515.00000
Tranche Comments
30 vd: Book size: 1126; First Pay: 2021-01-15; Redemption: 2026-01-15; Registration: Uzacyxzczg; Comments: OJ$1.25me 4.00% wce 30-kpmi(1/15/51) RO5 me 100.00, keu 4.00%;
Use of Proceeds
Mzwba wwkzk bwy xwb dzwzbba vwbwwbbkz wybwwkzk

B&I

BWICS & Inventory

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TRACE

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Research