The Southern Co. 5.5% Mar 15, 2029The Southern Co. 5.5% Mar 15, 2029The Southern Co. 5.5% Mar 15, 2029

The Southern Co. 5.5% Mar 15, 2029

Compare with Southern Company 5.5% 15-MAR-2029



Key terms


Outstanding amount
‪1.00 B‬ USD
Face value
1,000.00 USD
Minimum denomination
2,000.00 USD
Coupon
5.50%
Coupon frequency
Semi-annual
Maturity date
Mar 15, 2029
Term to maturity
2 years

Bond info


Sector
Utilities
Industry
Electric Utilities
Issue date
Sep 8, 2023
ISIN
US842587DS35
CUSIP
842587DS3
FIGI
BBG01J6B22F3
Identifiers
ISIN US842587DS35
CFI code
DTFNGR
The Southern Co is a holding company, which engages in the generation and sale of electricity. It operates through the following segments: Traditional Electric Operating Companies, Southern Power, and Southern Company Gas. The Traditional Electric Operating Companies segment refers to vertically integrated utilities that own generation, transmission and distribution facilities, and supplies electric services in the states of Alabama, Georgia, Florida, and Mississippi. The Southern Power segment constructs, acquires, owns, and manages generation assets such as renewable energy projects and sells electricity in the wholesale market. The Southern Company Gas segment distributes natural gas through natural gas distribution facilities in the states of Illinois, Georgia, Virginia, New Jersey, Florida, Tennessee, and Maryland. The company was founded on November 9, 1945, and is headquartered in Atlanta, GA.

Classification


Placement type
Maturity type
Duration type
Medium-term
Issue allocation
Conversion option
Sinking fund
Ownership form

Frequently asked questions


Corporate bonds are debt securities issued by companies to raise capital. When you buy a Southern Company 5.5% 15-MAR-2029 bond, you're lending money to The Southern Co. in exchange for regular interest payments (coupons) and repayment of the full amount at maturity.

Investors earn from corporate bonds through fixed interest income and potential price gains if the bond is sold above its purchase price.

Corporate bonds are generally less risky than stocks, but they typically offer lower returns.

Use our Bond Screener to discover and analyze corporate bonds that fit your investment strategy.
Companies issue bonds to raise capital without giving up ownership, as they would by selling shares. By issuing bonds, a company borrows money and agrees to pay interest (coupons) and repay the principal at a fixed maturity date.

Businesses use bond financing to:
– Fund growth (expansion, acquisitions, new projects)
– Refinance existing debt at better rates
– Manage cash flow without issuing new shares

Compared to stocks, bonds allow The Southern Co. to access large amounts of capital while maintaining full control of the business.
Bonds and stocks are two ways to invest in The Southern Co., but they work very differently.

Here are the key differences:
– Ownership vs. lending: Stocks represent ownership in The Southern Co., while bonds are a loan you give to the company
– Returns: Stocks may offer dividends and capital gains, while bonds pay fixed interest (coupon) and return principal at maturity
– Risk: Stocks are generally more volatile and can lose value, whereas bonds are considered lower risk
– Priority: Bondholders are paid before shareholders if the company goes bankrupt
The current yield to maturity is 5.21%. It represents the return based on the bond's current market price and expected payments.

To provide more context:
– Coupon rate: 5.5%, frequency — Semi-annual
– Yield vs. coupon: Yield reflects the actual market return and may differ from the coupon if the bond trades above or below face value
– Yield to maturity (YTM): The total expected return if held to maturity, factoring in price, coupons, and time remaining
– Market factors: Interest rates, The Southern Co.'s credit rating, and overall market conditions influence the yield
The yield on Southern Company 5.5% 15-MAR-2029 bonds is 5.21%. It moves with market interest rates, bond prices, and investor demand.

Keep in mind:
– Interest rate cycles: When benchmark rates rise, long-term bond yields typically increase
– Credit and demand: Strong confidence in The Southern Co. can push prices up and yields down
– Market stress: Yields can spike during risk-off periods or liquidity events

Spot the slightest price and yield changes on our Supercharts.
The coupon of Southern Company 5.5% 15-MAR-2029 bonds is 5.5%. It's the bond's fixed interest rate, set at issuance and paid regularly to investors.

Here are a few things to keep in mind about Southern Company 5.5% 15-MAR-2029:
– Coupon: Fixed
– Coupon frequency: Semi-annual
– Based on face value: Calculated from the bond's face value, not its market price
– Not the same as yield: Actual return can differ depending on the bond's current trading price

Find more stats in our Bond Screener.
Southern Company 5.5% 15-MAR-2029 bonds trade at 100.610% — the current market value, typically quoted as a percentage of the bond's face value (usually $1,000). For example, a price of 95% means the bond trades at $950, while 105% means $1,050.

Bond prices fluctuate based on interest rates, the creditworthiness of The Southern Co., and overall market demand. When interest rates rise, bond prices usually fall — and vice versa.

A bond may trade:
– At a premium (above face value) if its coupon is higher than current market rates
– At a discount (below face value) if its coupon is lower than market rates

Track price movements and analyze them with indicators on our interactive chart.
A bond rating is an assessment of an issuer's creditworthiness — its ability to repay debt and make interest payments on time.

Ratings are typically assigned by credit rating agencies (e.g., S&P, Fitch) based on factors such as financial strength, debt levels, and economic conditions.

Common rating scale:
– Investment grade: AAA to BBB (lower risk)
– Speculative (high-yield): BB and below (higher risk, higher potential return)

Ratings help investors evaluate default risk and can influence bond yields — lower ratings usually mean higher yields.
The price of The Southern Co. bonds changes based on the following factors:
– Interest rates: When rates rise, bond prices usually fall — and vice versa
– Credit quality: Changes in The Southern Co.'s financial strength or credit rating can impact prices
– Market demand: Higher demand for safer assets can push bond prices up
– Time to maturity: Longer-term bonds are more sensitive to interest rate changes
– Inflation expectations: Higher inflation can reduce bond attractiveness and lower prices

Track bond prices in our Bond Screener and follow every move on Supercharts.
Buying a corporate bond is a simple process, but you'll need a reliable broker to help you access the market. Once you've found the brokerage that suits your style and requirements, you can proceed with opening an account there. Explore our list of broker partners and start trading right from your charts.

Before investing, TradingView strongly recommends taking time to understand the market. You can test your strategy using a paper trading account, and make use of our Bond Screener to discover the best investment opportunities.
The maturity date is when a bond comes due and the principal is repaid to investors. For example, the Southern Company 5.5% 15-MAR-2029 bond matures on Mar 15, 2029.

Key points:
– Investors receive the bond's face value on this date
– No further coupons are paid after maturity
– Maturity helps investors align bonds with their financial goals or cash flow needs
– Longer-maturity bonds are generally more sensitive to interest rate changes

Find bonds with maturities that fit your strategy using our Bond Screener.
Corporate bonds are debt securities issued by companies, and their reliability depends on the issuer's financial strength and market conditions.

What to consider when selecting bonds:
– Credit rating: Higher-rated bonds (investment grade) are generally more reliable than lower-rated (high-yield) bonds
– Issuer stability: Companies with strong balance sheets are less likely to miss payments
– Market risk: Bond prices can fluctuate due to interest rates, inflation, and investor demand
– Default risk: All corporate bonds carry some risk that the issuer may fail to repay

Filter bonds by their ratings in our Bond Screener to find the most reliable opportunities.