In August 2021, Northern Illinois Gas Company (“Nicor”) priced $375 million of social bonds with a delayed draw feature; $200 million was issued in 2021 and $175 million was issued in 2022. On 12/31/2023, Nicor completed the issuance of these bonds; $200 million was issued in 2021 and $175 million was issued in 2022.

Nicor Social Bonds: Issuance Information1

$ amounts in Millions
Year Priced Issuance Date1 Coupon Amount Priced1 Maturity CUSIP Amount Issued Amount Allocated

2021

Aug-2021

1.42%

2.19%

$50

$50

Aug-2026

Aug-2033

665228J@2

665228K@0

$50

$50

$50

$50

Oct-2021

1.77%

$100

Oct-2028

373334KR1

$100

$100

Aug-2022

2.21%

$100

Aug-2032

665228K*2

$100

$100

Oct-2022

3.18%

$75

Oct-2062

665228L*1

$75

$75
Principal Amount $375 $375 $375

1 As of 12/31/2023; Nicor's social bonds were issued via a private placement. The bonds were priced in August 2021.



As shown below, Nicor Gas has allocated an amount equal to the $375 million in proceeds it received in 2021 and 2022 to eligible social categories as defined in Southern Company’s Sustainable Financing Framework.

Nicor 2021 and 2022 Social Bond Impact Summary

Net Proceeds Allocated ($M)
Year Priced Category Number of Suppliers1 Type / Designation 2021 Bonds 2022 Bonds Total
2021 Diverse / Small Business Suppliers 45 Minority-Owned $89 $74 $163
72 Women-Owned $88 $73 $161
12 Veteran-Owned $5 $5 $10
93 Small Business Enterprise $18 $22 $41
Total 222 $200 $175 $375

1 Allocation data as of 12/31/2023.


For more information, click the year for the respective Management Assertion and Independent Accountants' Attestation Report: 2021 - 2022