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Illinois Municipal Electric Agency to sell $333 million bonds, BABs
By Sheri Kasprzak
New York, July 8 - The Illinois Municipal Electric Agency is expected to price $333 million in series 2009 power supply revenue bonds, according to a preliminary official statement.
The deal includes series 2009A tax-exempt bonds, series 2009B taxable bonds and series 2009C taxable Build America Bonds, but the exact breakdown has not yet been determined.
The bonds will be sold through senior manager J.P. Morgan Securities Inc. The co-managers are BMO Capital Markets GKST Inc., Edward Jones, Morgan Stanley & Co. Inc. and Wachovia Bank N.A.
The maturities have not been set.
Proceeds will be used to acquire an undivided interest in Prairie State, a coal-fired, steam-electric generating station.
The Illinois Municipal Electric Agency is located in Springfield, Ill.
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