New Issue: Florida Municipal Power sells $77.65 million Stanton II Project bonds

By Sheri Kasprzak

New York, Aug. 30 - The Florida Municipal Power Agency priced $77,645,000 of series 2012A revenue bonds for the Stanton II Project, according to a pricing sheet.

The bonds were sold through Wells Fargo Securities LLC.

The bonds are due 2013 to 2027 with 2% to 5% coupons.

Proceeds will be used to finance capital improvements to the projects, retire the agency's series 2000 and 2004 revenue bonds, refund the agency's series 2002 revenue bonds and terminate a swap agreement related to the retired and refunded bonds.

Issuer:	Florida Municipal Power Agency/Stanton II Project
Issue:	Series 2012A revenue bonds
Amount:	$77,645,000
Type:	Negotiated
Underwriter:	Wells Fargo Securities LLC
Pricing date:	Aug. 29
Settlement date:	Sept. 12
Amount	Maturity	Type	Coupon	Price
$1.44 million	2013	Serial	2%	101.647
$4.84 million	2014	Serial	4%	106.883
$5,065,000	2015	Serial	4%	109.472
$5,255,000	2016	Serial	5%	115.761
$4.68 million	2017	Serial	4%	113.319
$4,855,000	2018	Serial	5%	119.73
$5,085,000	2019	Serial	5%	120.59
$5.32 million	2020	Serial	5%	121.381
$5.63 million	2021	Serial	5%	121.677
$5.88 million	2022	Serial	5%	122.099
$6,195,000	2023	Serial	5%	120.814
$6.49 million	2024	Serial	5%	120.032
$6.78 million	2025	Serial	5%	118.772
$6 million	2026	Serial	5%	118.005
$4.13 million	2027	Serial	3%	98.566

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