New Issue-Georgia Power sells $500 mln in 30-yr notes

Aug 26 (BestGrowthStock) – Georgia Power (GAH.N: ) on Thursday sold
$500 million of senior unsecured notes, said IFR, a Thomson
Reuters service.

Barclays, the Bank of Nova Scotia, Morgan Stanley, UBS and
Wells Fargo Securities were the joint bookrunning managers for
the sale.
BORROWER: GEORGIA POWER
AMT $500 MLN COUPON 4.75 PCT MATURITY 9/1/2040
TYPE SR NTS ISS PRICE 99.036 FIRST PAY 3/1/2011
MOODY’S A3 YIELD 4.811 PCT SETTLEMENT 8/31/2010
S&P SINGLE-A SPREAD 125 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 20 BPS

New Issue-Georgia Power sells $500 mln in 30-yr notes