New Issue: Municipal Electric Authority, Ga., sells $200.96 million BANs to yield 0.6%

By Sheri Kasprzak

New York, April 28 - The Municipal Electric Authority of Georgia sold $200.96 million in series 2009A bond anticipation notes, according to an official statement.

The notes (MIG1/SP-1+/F1+) were sold Friday through lead manager Goldman, Sachs & Co.

The notes are due May 25, 2010 and were priced with a 1.5% coupon to yield 0.6%.

Proceeds will be used to construct the authority's non-power purchase agreement projects.

Issuer:	Municipal Electric Authority of Georgia
Issue:	Series 2009A bond anticipation notes
Amount:	$200.96 million
Type:	Negotiated
Maturity:	May 25, 2010
Coupon:	1.5%
Yield:	0.6%
Underwriter:	Goldman, Sachs & Co.
Ratings:	Moody's: MIG1
	Standard & Poor's: SP-1+
	Fitch: F1+
Pricing date:	April 24
Settlement date:	April 29

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