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Municipal Electric Authority of Georgia refunds two revenue bonds
By Ashley Montgomery
Kansas City, Kan., Oct. 25 - Municipal Electric Authority of Georgia has defeased its series FF power revenue bonds and its series 2002A general power revenue bonds, according to a notice.
The company plans to redeem the bonds on Jan. 1, 2013 at par plus accrued interest to the redemption date.
The following series FF bonds are affected:
• $380,000 of 4% bonds due Jan. 1, 2014;
• $285,000 of 4% bonds due Jan. 1, 2015;
• $410,000 of 4% bonds due Jan. 1, 2016;
• $310,000 of 4% bonds due Jan. 1, 2017;
• $435,000 of 4% bonds due Jan. 1, 2018;
• $340,000 of 4% bonds due Jan. 1, 2019;
• $350,000 of 4% bonds due Jan. 1, 2020;
• $315,000 of 4.125% bonds due Jan. 1, 2021;
• $13,795,000 of 5% bonds due Jan. 1, 2022;
• $9,865,000 of 5% bonds due Jan. 1, 2023;
• $6.2 million of 5% bonds due Jan. 1, 2026; and
• $2 million of 5% bonds due Jan. 1, 2026.
The following 2002A bonds are affected:
• $3,975,000 of 4% bonds due Jan. 1, 2017;
• $11.53 million of 5% bonds due Jan. 1, 2017;
• $1.52 million of 4.125% bonds due Jan. 1, 2018; and
• $32.64 million of 5% bonds due Jan. 1, 2018.
Bank of New York Mellon is the trustee.
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