Missouri Joint Municipal Electric to sell $206.12 million bonds, BABs

By Sheri Kasprzak

New York, Dec. 4 - The Missouri Joint Municipal Electric Utility Commission is set to sell $206.12 million in series 2009 power project revenue bonds, according to a preliminary official statement. The bonds will be sold on Wednesday, according to a sales calendar.

The deal includes $192 million in series 2009A Build America Bonds and $14.12 million in series 2009B taxable bonds.

The bonds will be sold on a negotiated basis with J.P. Morgan Securities Inc. as the lead manager. The co-managers are BMO Capital Markets Inc., Edward Jones & Co. and Wells Fargo Securities Inc.

The series 2009A bonds are due 2014 to 2027 with term bonds. The series 2009B bonds are due 2014 to 2016.

Proceeds will be used to fund the acquisition and construction of the Prairie State Project, a coal-fired power generating station.

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