Florida Municipal Power to sell $60.58 million revenue bonds Wednesday

By Sheri Kasprzak

New York, Nov. 30 - The Florida Municipal Power Agency plans to price its previously announced $60.58 million in series 2009A revenue bonds on Wednesday, according to a sales calendar.

The deal 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.

Wells Fargo Securities Inc. and Morgan Stanley & Co. Inc. are 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 to fund capital improvements.

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