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International bonds: Mississippi Power, FRN 28jun2024, USD (2021A) (US605417CC64)

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Variable rate, Trace-eligible, Senior Unsecured

Status
Outstanding
Amount
200,000,000 USD
Placement
***
Redemption (put/call option)
*** (-)
ACI on
Country of risk
USA
Current coupon
-
Price
-
Yield / Duration
-
Calculate in two clicks! yield, duration and other parameters
Calculate in two clicks! yield, duration and other parameters
Calculator What is a calculator?
  • Placement amount
    200,000,000 USD
  • Outstanding amount
    200,000,000 USD
  • USD equivalent
    200,000,000 USD
  • Minimum Settlement Amount
    2,000 USD
  • ISIN
    US605417CC64
  • CFI
    DBVNFR
  • FIGI
    BBG011LNZ021
  • Ticker
    SO F 06/28/24 A

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Quotes from market participants are indicative

Stock exchange and OTC quotes

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Issue information

Profile
Mississippi Power Company, a vertically integrated utility, provides electricity to retail customers in the State of Mississippi and to wholesale customers in the Southeast. It is involved in the generation, transmission, and distribution of electricity. It ...
Mississippi Power Company, a vertically integrated utility, provides electricity to retail customers in the State of Mississippi and to wholesale customers in the Southeast. It is involved in the generation, transmission, and distribution of electricity. It serves various customers, including rural electric cooperative associations and municipalities. The company was founded in 1924 and is based in Gulfport, Mississippi. Mississippi Power Company is a subsidiary of The Southern Company.
  • Borrower
    Go to the issuer page
    Mississippi Power
  • Full borrower / issuer name
    Mississippi Power
  • Sector
    Corporate
  • Industry
    Power
Volume
  • Placement amount
    200,000,000 USD
  • Outstanding amount
    200,000,000 USD
  • Outstanding face value amount
    200,000,000 USD
Face value
  • Minimum Settlement Amount
    2,000 USD
  • Outstanding face value
    *** USD
  • Increment
    *** USD
  • Face value
    1,000 USD

Cash flow parameters

  • Variable rate type
    Floating rate
  • Reference rate
  • Coupon Rate
    ***
  • Day count convention
    ***
  • Business Day Convention
    Modified Following Business Day
  • Interest Accrual Date
    ***
  • Coupon frequency
    *** time(s) per year
  • Payment currency
    ***
  • Maturity date
    ***

Cash flow

Calculations for international bonds are made according to the minimum trading lot

Early redemption terms

***

explore the most comprehensive database

800 000

bonds globally

Over 400

pricing sources

80 000

stocks

9 000

ETF

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Placement

  • Placement method
    Open subscription
  • Placement type
    Public
  • Placement
    ***
  • Initial issue price (yield)
  • Geographic breakdown
    ***
  • Investor breakdown
    ***
  • The purpose of placing
    The net proceeds from the sale of the Series 2021A Senior Notes will be used by the Company for the prepayment of all or a portion of the Company’s $75,000,000 floating rate bank loans and to repay all or a portion of its outstanding commercial paper, which aggregated $71,000,000 as of June 23, 2021. Any remaining proceeds will be used for general corporate purposes, including the Company’s continuous construction program.
Participants
  • Bookrunner
    ***, ***, ***, ***, ***, ***, ***, ***, ***, ***, ***, ***
  • Depository
    ***, ***, ***

Conversion and exchange

  • Conversion terms
    ***

Covenants

  • Change of Control

    ***

  • Collective Action Clause

    ***

  • Covenant Suspension/Fall-Away

    ***

  • Cross Default

    ***

  • Designation of Restricted and Unrestricted Subsidiaries

    ***

  • Events of Default

    ***

  • Financial Covenants

    ***

  • Limitation on Business Activities

    ***

  • Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries

    ***

  • Limitation on Indebtedness

    ***

  • Limitation on Investments

    ***

  • Limitation on Liens

    ***

  • Limitation on Restricted Payments

    ***

  • Limitation on Sale of Assets

    ***

  • Limitation on Sale/Leaseback

    ***

  • Limitation on Subsidiary Debt

    ***

  • Limitation on layering (anti-layering)

    ***

  • Limitations on transactions with affiliates

    ***

  • Merger Restrictions

    ***

  • Others

    ***

  • Rating Trigger

    ***

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Additional information

Latest issues

Identifiers

  • ISIN
    ***
  • CUSIP
    ***
  • CUSIP 144A
    ***
  • CFI
    DBVNFR
  • FIGI
    BBG011LNZ021
  • WKN
    A3KTD5
  • Ticker
    SO F 06/28/24 A
  • Type of security by CBR
    ***

Bond classification

  • Senior Unsecured
  • Registered
  • Coupon bonds
  • Variable rate
  • Trace-eligible
  • Amortization
  • Callable
  • CDO
  • Convertible
  • Dual currency bonds
  • For qualified investors (CIS region)
  • Foreign bonds
  • Green bonds
  • Guaranteed
  • Inflation-linked principal
  • Supranational bond issues
  • Inflation-linked coupon
  • Mortgage bonds
  • Perpetual
  • Payment-in-kind
  • Non-Marketable Securities
  • Redemption Linked
  • Restructuring
  • Retail bonds
  • Covered
  • Securitization
  • Structured product
  • Commercial Bonds
  • Subordinated
  • Sukuk

Restructuring

***

Holders

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