Municipal Electric Authority of Georgia to sell $2.53 billion in Plant Vogtle bonds Feb. 23

By Sheri Kasprzak

New York, Feb. 18 - The Municipal Electric Authority of Georgia is expected to bring to market $2.533 billion in series 2010 Plant Vogtle project bonds on Feb. 23, according to preliminary official statements. The sale will come to market in several tranches.

The offering includes $953.24 million in series 2010A project M Build America Bonds, $19.68 million in series 2010B project M tax-exempt bonds, $1,114,655,000 in series 2010A project J Build America Bonds, $26.57 million in series 2010B project J tax-exempt bonds, $410.88 million in series 2010A project P Build America Bonds and $8.245 million in series 2010B project P tax-exempt bonds.

Goldman Sachs & Co. is the bookrunner for all of the bonds.

The project M Build America Bonds are due 2019 to 2057, and the tax-exempt bonds are due 2017 to 2029 with a term bond due 2040.

The project J Build America Bonds are due 2018 to 2057, and the project J tax-exempt bonds are due 2017 to 2021 with a term bond due 2040.

The project P Build America Bonds are due 2018 to 2057, and the project P tax-exempt bonds are due 2017 to 2020 with a term bond due 2040.

Proceeds will be used to construct new Plant Vogtle electric generation facilities.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.