South Jersey Industries Inc 5.625% Junior is a type of bond issued by South Jersey Industries, a public utility holding company. This bond has a coupon rate of 5.625% and is a junior subordinated debt security. The bond has a maturity date of 2079, making it a long-term investment. The bond is traded on the NYSE under the ticker symbol SJIJ. The proceeds from the bond issuance are typically used to fund capital expenditures or to refinance existing debt. As a junior subordinated debt security, SJIJ is a riskier investment than senior debt, but it typically offers a higher yield to compensate for the added risk.
South Jersey Industries Inc 5.625% Junior is a type of bond issued by South Jersey Industries, a public utility holding company. This bond has a coupon rate of 5.625% and is a junior subordinated debt security. The bond has a maturity date of 2079, making it a long-term investment. The bond is traded on the NYSE under the ticker symbol SJIJ. The proceeds from the bond issuance are typically used to fund capital expenditures or to refinance existing debt. As a junior subordinated debt security, SJIJ is a riskier investment than senior debt, but it typically offers a higher yield to compensate for the added risk.