Consolidated Edison has announced the pricing for its proposed series 2017 A debentures issue.

The debentures will carry an interest rate of 2% on the debentures due 15 March 2020, payable semi-annually.

Gross proceeds from the issue will be $400m, which the company intends to use for general corporate purposes and optionally to prepay a loan under a June 2016 credit agreement in combination with available cash and issuance of additional short-term debt.

Alabama Power Company has announced the pricing for a proposed issue of series 2017A senior notes due 30 March 2022.

The 2.45% notes will yield 2.467% upon maturity and the interest will be payable semi-annually on 30 March and 30 September every year, starting from 30 September 2017.

Gross proceeds are expected to reach $550m, which will be used to repay either all or a portion of the company’s short-term debts, as well as for general corporate purposes.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Georgia Power Company intends to raise $450m in gross proceeds from a public offering of 2% 2017A series notes.

“Georgia Power Company intends to raise $450m in gross proceeds from a public offering of 2% 2017A series notes.”

Due 30 March 2020, the notes are intended to raise funds to repay the company’s short-term debts and for general corporate purposes.

In a separate public offering of series 2017B senior notes, the company intends to raise $400m. Due 30 March 2017, the notes carry an interest rate of 3.25% and will yield 3.263% upon maturity.

Based in the US, Georgia Power Company is a power generation, distribution and transmission company.

Iberdrola Finanzas has raised €1bn ($1.06bn) through a public offering of notes.

Due 7 March 2025, the notes carry an interest rate of 1%.

IREN intends to issue up to 14,001,986 shares in a private placement to Italian and foreign institutional qualified investors.

The shares will be issued by FCT Holding, wholly owned by the City of Turin, through a book-building process. IREN will not receive any proceeds.