JEA, Fla., to sell $149.3 million in water and sewer bonds Thursday

By Sheri Kasprzak

New York, Jan. 8 - JEA of Florida plans to bring to market $149.3million in series 2010 water and sewer system revenue bonds on Thursday, according to a sales calendar.

The bonds will be sold through Barclays Capital Inc. The co-managers are Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Goldman, Sachs & Co., Merrill Lynch & Co., Morgan Stanley & Co. Inc. and Wells Fargo Securities Inc.

The sale includes 2010A-2010C bonds. The 2010A bonds are due 2033 and 2044 and the 2010B bonds are due 2012 to 2025. The 2010C bonds are due 2010 to 2015 and 2020 to 2025 with term bonds due 2040.

Proceeds will be used to construct, acquire, extend and improve Jacksonville's water and sewer system.

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