JEA, Fla., coordinates $73.07 million St. Johns River Power bond sale

By Sheri Kasprzak

New York, April 28 – The Jacksonville Electric Authority of Florida is expected to price $73.07 million of refunding revenue bonds for the St. Johns River Power Park System, according to a preliminary official statement.

The deal includes $65.94 million of issue two, series 26 bonds and $7.13 million of issue two, series 27 taxable bonds.

The bonds (Aa2/AA-/AA) will be sold on a negotiated basis with RBC Capital Markets LLC as the lead manager. The co-managers are BofA Merrill Lynch, Barclays, 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, 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 two, series 21 revenue bonds.

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