SOJE Profile
Southern Company Series 2020C 4.20% (SOJE) is a junior subordinated debenture issued by Southern Company, one of the largest energy companies in the United States. The debenture was issued in 2020 with a fixed interest rate of 4.20% and a maturity date of March 15, 2070. The debenture is listed on the New York Stock Exchange under the ticker symbol SOJE.
Southern Company is a leading energy company that serves millions of customers across the southern United States. The company generates, transmits, and distributes electricity through its subsidiaries, including Alabama Power, Georgia Power, Gulf Power, and Mississippi Power. Southern Company also operates Southern Power, a wholesale energy company that acquires and develops renewable energy projects.
The Series 2020C debenture is a type of junior subordinated debt, which means that it is a type of bond that ranks lower in priority than other types of debt in the event of a bankruptcy or liquidation. This type of debt is often used by companies to raise capital while still maintaining their credit ratings, as it is considered to be a riskier investment than senior debt.
Investors who purchase Southern Company Series 2020C 4.20% debentures are entitled to receive interest payments on a semi-annual basis. The interest payments are fixed at a rate of 4.20% per year until the debenture matures on March 15, 2070. At maturity, investors will receive the full face value of the debenture, which is $25 per debenture.
Investing in Southern Company Series 2020C 4.20% debentures carries a certain level of risk, as with any investment. The debentures are subject to market fluctuations and changes in interest rates, which could cause their value to decrease. Additionally, Southern Company's financial performance could be affected by a variety of factors, including changes in government regulations, competition from other energy companies, and fluctuations in fuel prices.
Overall, Southern Company Series 2020C 4.20% is a long-term investment that may be suitable for investors who are seeking a fixed rate of return over a 50-year period. However, investors should carefully consider the risks associated with investing in junior subordinated debt and Southern Company's financial performance before making an investment decision.
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