Florida Municipal Power Agency to price $60.58 million revenue bonds

By Sheri Kasprzak

New York, Nov. 19 - The Florida Municipal Power Agency plans to price $60.58 million in series 2009A revenue bonds, according to a preliminary official statement.

The sale includes $10.17 million in series 2009A Stanton Project revenue bonds, $6.77 million in series 2009A Stanton II Project revenue bonds, $40.785 million in series 2009A St. Lucie Project revenue bonds and $2.855 million in series 2009A Tri-City Project revenue bonds.

The bonds (A1//A+) will be sold on a negotiated basis with Wells Fargo Securities Inc. and Morgan Stanley & Co. Inc. as the senior managers.

The Stanton Project bonds are due 2010 to 2018, and the Stanton II Project bonds are due 2010 to 2019 with a term bond due 2027. The St. Lucie bonds are due 2010 to 2021, and the Tri-City bonds are due 2010 to 2018.

Proceeds will be used to refinance loans and fund capital improvements.

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