Missouri Joint Muni Electric Utility preps $156.25 million bond deal

By Sheri Kasprzak

New York, Sept. 12 – The Missouri Joint Municipal Electric Utility Commission is set to price $156.25 million of series 2014A power project revenue refunding bonds for the Iatan 2 Project, said a preliminary official statement.

The bonds (A2//A) will be sold on a negotiated basis with BMO Capital Markets LLC and Barclays as the lead managers. The co-managers are BofA Merrill Lynch, Goldman, Sachs & Co., J.P. Morgan Securities LLC and Wells Fargo Securities LLC.

The maturities have not been set.

Proceeds will be used to refund the commission’s series 2006A and 2009A revenue bonds.

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