Florida Municipal Power readies $425 million refunding bond offering

By Sheri Kasprzak

New York, Feb. 12 – The Florida Municipal Power Agency is on tap to price $425 million of series 2016A all-requirements power supply project refunding revenue bonds on Wednesday, according to a preliminary official statement.

The bonds (A2) will be sold through senior managers BofA Merrill Lynch and Wells Fargo Securities LLC.

The bonds are due 2020 to 2031.

Proceeds will be used to refund the agency’s series 2008A and 2009A revenue bonds.

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