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Municipal Electric Authority, Ga., to price $254.79 million in bonds
By Sheri Kasprzak
New York, Oct. 15 - The Municipal Electric Authority of Georgia is set to sell $254.785 million in series 2009B subordinated bonds, according to a preliminary official statement.
The sale includes $245.445 million in series 2009B Project One subordinated bonds and $9.34 million in series 2009B general resolution projects subordinated bonds.
The bonds (A2/A/A+) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the senior manager. The co-managers are Barclays Capital Inc., BMO Capital Markets GKST Inc., Fidelity Capital Markets Inc., First Southwest Co., Goldman, Sachs & Co., Jackson Securities Inc., Jefferies & Co. Inc., J.P. Morgan Securities Inc., Morgan Keegan & Co. Inc., Morgan Stanley & Co. Inc., Ramirez & Co. Inc., Raymond James & Associates Inc. and Wells Fargo Securities Inc.
The maturities have not yet been set.
Proceeds will be used to fund certain capital improvements.
The authority is based in Atlanta.
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