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Minnesota Municipal Power to issue $113.75 million revenue bonds
By Sheri Kasprzak
New York, Nov. 9 - The Minnesota Municipal Power Agency is set to sell $113.75 million of series 2010 electric revenue bonds, according to a preliminary official statement.
The offering includes $86 million of series 2010A bonds and $27.75 million of series 2010B bonds.
The bonds will be sold on a negotiated basis with RBC Capital Markets Corp. as the underwriter.
The 2010A bonds are due 2011 to 2030 with a term bond due 2035, and the 2010B bonds are due 2013.
Proceeds will be used to fund a wind energy purchase agreement with the Oak Glen Wind Farm.
Located in Minneapolis, the agency is an electric power provider.
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