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JEA, Fla., to price $149.3 million water, sewer system revenue bonds
By Sheri Kasprzak
New York, Dec. 31 - JEA of Florida is expected to price $149.3million of series 2010 water and sewer system revenue bonds, said a preliminary official statement.
The sale includes $83.235 million of series 2010A Build America Bonds, $24.24 million of series 2010B federally taxable bonds and $41.825 million of series 2010C tax-exempt bonds.
Barclays Capital Inc. is the senior manager. The co-managers are Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Goldman, Sachs & Co., Merrill Lynch & Co., Morgan Stanley & Co. Inc. and Wells Fargo Securities Inc.
The 2010A bonds are due 2033 and 2044 and the 2010B bonds are due 2012 to 2025. The 2010C bonds are due 2010 to 2015 and 2020 to 2025 with a term bond due 2040.
Proceeds will be used to construct, acquire, extend and improve Jacksonville's water and sewer system.
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