JEA, Fla., to sell $146.38 million of St. Johns River Power Park bonds

By Sheri Kasprzak

New York, May 9 - The Jacksonville Electric Authority of Florida is set to price $146,375,000 of issue three, series seven St. Johns River Power Park System revenue bonds on Tuesday, according to a preliminary official statement.

The bonds (Aa2/AA-/AA) will be sold on a negotiated basis with BofA Merrill Lynch and Citigroup Global Markets Inc. as the senior managers. The co-managers are Barclays; BMO Capital Markets LLC; 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; RBC Capital Markets LLC; U.S. Bancorp Investments Inc.; and Wells Fargo Securities LLC.

The maturities have not been set.

Proceeds will be used to refund the authority's issue three, series two St. Johns River Power Park System revenue bonds.

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