The Southern Company (SO) will be calling their 5.25% junior subordinated debentures soon.
The issue to be called are the Series 2016A 5.25% shares (SOJB). At this moment these baby bonds are trading at $25.35.
No definitive date for the call is set, but they become callable on 10/1/2021.
The company has sold an issue of 1.875% notes in which they have stated the ‘use of proceeds’ is the call the above notes. Data is here.