Florida Municipal Power to sell $60 million of St. Lucie revenue bonds

By Sheri Kasprzak

New York, Aug. 23 - The Florida Municipal Power Agency is set to price $60 million of series 2012A St. Lucie Project revenue bonds, according to a preliminary official statement.

The bonds (A2//A) will be sold through senior managers Bank of America Merrill Lynch and J.P. Morgan Securities LLC.

The bonds are due Oct. 1, 2026.

Proceeds will be used to retire bonds issued by the agency and to terminate a swap agreement related to those bonds.

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