Florida Municipal Power to sell $110 million refunding revenue bonds

By Cristal Cody

Tupelo, Miss., Oct. 10 - The Florida Municipal Power Agency expects to price $110 million in refunding revenue bonds for the Stanton II project, according to a preliminary official statement.

The series 2008 bonds have serial maturities from 2009 through 2027.

Wachovia Bank, NA is the senior manager of the negotiated sale. Banc of America Securities LLC and SunTrust Robinson Humphrey are co-managers.

Proceeds will be used to refund $40.725 million from the series 2000 variable-rate bonds and $58.575 million from the series 2004 variable-rate bonds and to pay fees to terminate interest rate swap agreements.

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