By Sheri Kasprzak
New York, Oct. 6 - The Delaware Economic Development Authority priced $190 million in series 2010 exempt facility revenue bonds for Indian River Power LLC, according to a pricing sheet.
The bonds were sold through Bank of America Merrill Lynch with J.P. Morgan Securities LLC and Morgan Stanley & Co. Inc. as the co-managers.
The bonds are due Oct. 1, 2045 and have a 5.375% coupon priced at par.
Proceeds will be used to acquire, construct, improve and complete solid waste disposal facilities at the Indian River Generating Plant near Millsboro, Del.
| Issuer: | Delaware Economic Development Authority/Indian River Power LLC
|
| Issue: | Series 2010 exempt facility revenue bonds
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| Amount: | $190 million
|
| Maturity: | Oct. 1, 2045
|
| Coupon: | 5.375%
|
| Price: | Par
|
| Yield: | 5.375%
|
| Type: | Negotiated
|
| Underwriters: | Bank of America Merrill Lynch (lead), J.P. Morgan Securities LLC and Morgan Stanley & Co. Inc. (co-managers)
|
| Pricing date: | Oct. 6
|
| Settlement date: | Oct. 12
|
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