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New Issue - Alabama Power sells $400 mln notes

Tuesday, 9 Oct 2012 | 5:08 PM ET

Oct 9 (Reuters) - Alabama Power Co

on Tuesday sold $400 million of senior notes, said IFR, a Thomson Reuters service.

The size of the deal was increased from the originally planned $250 million.

Morgan Stanley and RBS were the joint bookrunning managers for the sale.

BORROWER: ALABAMA POWER AMT $400 MLN COUPON 0.55 PCT MATURITY 10/15/2015 TYPE SR NTS ISS PRICE 99.878 FIRST PAY 04/15/2013 MOODY'S A2 YIELD 0.591 PCT SETTLEMENT 10/16/2012 S&P SINGLE-A SPREAD 25 BPS PAY FREQ SEMI-ANNUAL FITCH A-PLUS MORE THAN TREAS NON-CALLABLE N/A (Editing by M.D. Golan)

((New Issue by Thomson Reuters)(+1-646-223-6886 e-mail: uscorpbonds@reuters.com))

Keywords: ALABAMAPOWER NOTES

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