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Alabama Power Raises $250M

Alabama Power has raised $250 million in a sale of senior unsecured notes.

Alabama Power has raised $250 million in a sale of senior unsecured notes, Reuters reports. The notes carry a coupon rate of 5.50%, and are due to mature on March 3, 2041.

The electricity service provider appointed Morgan Stanley, JP Morgan, SunTrust Robinson Humphrey and Wells Fargo Securities as the joint bookrunning managers for the deal.

Click here for the story from Reuters.


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