JEA, Fla., to price $125 million subordinated revenue bonds Thursday

By Sheri Kasprzak

New York, Jan. 12 - JEA in Florida is scheduled to sell $125 million in series 2009A subordinated revenue bonds on Thursday, according to a calendar of upcoming deals.

The bonds (Aa3/A+/AA-) will be sold through senior manager Banc of America Securities LLC with co-managers Citigroup Global Markets Inc.; J.P. Morgan Securities Inc.; Barclays Capital Inc.; Goldman, Sachs & Co.; Merrill Lynch & Co.; and Morgan Stanley & Co. Inc.

The bonds are due 2010 to 2028 with term bonds due 2033 and 2039.

Proceeds will be used to construct and acquire improvements, extensions and additions to JEA's electric power system.

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