Municipal Electric Authority of Georgia to sell $148.065 million bonds

By Sheri Kasprzak

New York, Aug. 19 - The Municipal Electric Authority of Georgia intends to sell $148.065 million in series 2008B Project One subordinated bonds on Aug. 28, a sellsider close to the sale confirmed with Prospect News Tuesday.

The bonds (Aaa/VMIG1/AAA/A-1/A+) will be sold on a negotiated basis with Goldman, Sachs & Co. as the senior manager.

The variable-rate bonds bear interest at the weekly rate.

Proceeds will be used to refund the authority's series 2008B Project One subordinated bonds revolving credit agreement notes.

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