Utah Associated Municipal Power to sell $97.36 million of Horse Butte Wind Project bonds

By Sheri Kasprzak

New York, Aug. 21 - Utah Associated Municipal Power Systems is set to price $97,355,000 of series 2012 revenue bonds for the Horse Butte Wind Project, according to a preliminary official statement.

The deal includes $70,395,000 of series 2012A bonds and $26.96 million of series 2012B variable-rate demand revenue bonds.

The bonds (/A-/A-) will be sold through senior managers Citigroup Global Markets Inc. and BMO Capital Markets LLC. The co-managers are Wells Fargo Securities LLC.

The 2012A bonds are due 2013 to 2032, and the 2012B bonds are due Sept. 1, 2032.

Proceeds will be used to make a prepayment for a specified supply of electricity.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.