By Sheri Kasprzak
New York, Dec. 11 - The Municipal Gas Authority of Georgia priced $125 million in series D and E gas revenue bonds Thursday, said Chris Howell, the authority's director of financing.
The offering was upsized from its planned $105 million.
The bonds due Dec. 16, 2009 were priced at par with a 2% coupon.
Wachovia Bank was the lead manager for the sale with J.P. Morgan Securities Inc. as the co-manager.
Proceeds will be used for Public Gas Partners, Inc.'s development of gas reserves and for the refunding of outstanding Portfolio III Project bonds.
| Issuer: | Municipal Gas Authority of Georgia
|
| Issue: | Series D and E gas revenue bonds
|
| Amount: | $125 million, increased from $105 million
|
| Type: | Negotiated
|
| Underwriter: | Wachovia Bank (lead); J.P. Morgan Securities Inc. (co-manager)
|
| Maturity: | Dec. 16, 2009
|
| Coupon: | 2%
|
| Price: | Par
|
| Pricing date: | Dec. 11
|
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