MISSISSIPPI – Entergy Mississippi issue a six hundred million dollar in bonds.
According to reports, Entergy Mississippi confirmed last week that it has successfully issued six hundred million dollars in first mortgage bonds.
The bonds carry a 5%, 8% interest rate and are due in April of 2055.
The company announced the closure of the bond sale recently, following an agreement reached last week. This issuance adds to the company’s existing total debt of 2.48 billion dollar as of the latest quarter, according to Investing Pro Data
The bonds are part of the company’s larger financial strategy.
The company generated revenue of 1.76 million in the last 12 minutes.
Entergy spokesperson Candace Coleman states, our business is complex and one that requires an equally dynamic and disciplined approach to managing our customers’ energy rates and we do this in a variety of ways including responsibly raising capital.
