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JEA, Fla., arranges $123.04 million bonds for St. Johns River Power
By Sheri Kasprzak
New York, July 3 - The Jacksonville Electric Authority of Florida is prepared to price $123.04 million of issue 3 series 6 St. Johns River Power Park System revenue bonds, according to a preliminary official statement.
The bonds (Aa2) will be sold on a negotiated basis with Wells Fargo Securities LLC as the senior manager. The co-managers are Barclays Capital Inc., Bank of America Merrill Lynch, BMO Capital Markets LLC, Citigroup Global Markets Inc., Goldman, Sachs & Co., Jefferies & Co., J.P. Morgan Securities LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Piper Jaffray & Co., Raymond James/Morgan Keegan and RBC Capital Markets LLC.
The bonds are due 2013 to 2028 with a term bond due in 2032.
Proceeds will be used to refund existing debt issued for the St. Johns River Power Park System.
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