By Sheri Kasprzak
New York, Dec. 16 - The Mississippi Business Finance Corp. priced $100 million of series 2010 revenue bonds for the Mississippi Power Co., said a pricing sheet and a form 8-K filed with the Securities and Exchange Commission.
The deal included $50 million of first series 2010 bonds and $50 million of second series 2010 bonds.
The first series bonds are due Dec. 1, 2040 and have a 2.25% coupon priced at par. The second series bonds are also due Dec. 1, 2040 and bear interest at the weekly rate.
Bank of America Merrill was the senior manager with Morgan Keegan & Co. Inc. and SunTrust Robinson Humphrey as the co-managers.
Proceeds will be used to construct and acquire building and immovable equipment related to the integrated coal gasification combined cycle electric generating facility in Kemper County, Miss.
| Issuer: | Mississippi Business Finance Corp./Mississippi Power Co.
|
| Issue: | Series 2010 revenue bonds
|
| Amount: | $100 million
|
| Type: | Negotiated
|
| Underwriters: | Bank of America Merrill Lynch (lead), Morgan Keegan & Co. Inc. and SunTrust Robinson Humphrey (co-managers)
|
| Pricing date: | Dec. 15
|
|
|
| $50 million first series 2010
|
| Maturity | Type | Coupon | Price
|
| Dec. 1, 2040 | Term | 2.25% | 100
|
|
|
| $50 million second series 2010
|
| Maturity | Type | Coupon | Price
|
| Dec. 1, 2040 | Term | Weekly | 100
|
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