Published on 8/29/2012 in the Prospect News Municipals Daily.
New Issue: Florida Municipal Power sells $59.14 million St. Lucie Project bonds
By Sheri Kasprzak
New York, Aug. 29 - The Florida Municipal Power Agency priced $59,135,000 of series 2012A St. Lucie Project revenue bonds, according to a pricing sheet.
The bonds (A2//A) were sold through Bank of America Merrill Lynch and J.P. Morgan Securities LLC.
The bonds are due Oct. 1, 2026 and bear interest at 5% priced at 122.923.
Proceeds will be used to retire bonds issued by the agency and to terminate a swap agreement related to those bonds.
| Issuer: | Florida Municipal Power Agency/St. Lucie Project
|
| Issue: | Series 2012A revenue bonds
|
| Amount: | $59,135,000
|
| Maturity: | Oct. 1, 2026
|
| Coupon: | 5%
|
| Price: | 122.923
|
| Type: | Negotiated
|
| Underwriters: | Bank of America Merrill Lynch, J.P. Morgan Securities LLC
|
| Ratings: | Moody's: A2
|
| Fitch: A
|
| Pricing date: | Aug. 29
|
| Settlement date: | Sept. 12
|
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