Municipal Electric Authority, Ga., to sell $180 million bonds Wednesday

By Sheri Kasprzak

New York, March 30 - The Municipal Electric Authority of Georgia is set to sell $180 million in series 2009 subordinated bonds Wednesday, according to a sales calendar.

The sale includes $134.095 million in series 2009A taxable project one subordinated bonds and $45.405 million in series 2009B taxable general resolution projects subordinated bonds.

Wachovia Bank is the lead manager. The co-managers are Barclays Capital Corp.; Citigroup Global Markets Inc.; Goldman, Sachs & Co.; Jackson Securities Inc.; J.P. Morgan Securities Inc.; Merrill Lynch & Co. Inc.; Morgan Keegan & Co. Inc.; Morgan Stanley & Co.; and Raymond James & Associates Inc.

Proceeds will be used to refund outstanding bonds.

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