By Sheri Kasprzak
New York, May 3 - The Municipal Gas Authority of Georgia priced $75 million of series 2011K gas revenue refunding bonds on Tuesday, according to a pricing sheet.
The bonds (MIG1/SP-1+/F1+) are due May 23, 2012 and have a 2% coupon priced at 101.443.
Wells Fargo Securities LLC and J.P. Morgan Securities LLC were the senior managers.
Proceeds will be used to refund a portion of the authority's outstanding debt.
| Issuer: | Municipal Gas Authority of Georgia
|
| Issue: | Series 2011K gas revenue refunding bonds
|
| Amount: | $75 million
|
| Maturity: | May 23, 2012
|
| Coupon: | 2%
|
| Price: | 101.443
|
| Type: | Negotiated
|
| Underwriters: | Wells Fargo Securities LLC and J.P. Morgan Securities LLC
|
| Ratings: | Moody's: MIG1
|
| Standard & Poor's: SP-1+
|
| Fitch: F1+
|
| Pricing date: | May 3
|
| Settlement date: | May 10
|
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