By Sheri Kasprzak
New York, March 5 - The Municipal Electric Authority of Georgia sold on Friday $1,012,235,000 of series 2010A taxable project M Build America Bonds, said a pricing sheet.
The bonds (A2/A+/A+) were sold through Goldman, Sachs & Co. The offering is part of a $2.533 billion sale of project bonds. The authority priced $1,141,225,000 of series 2010A-B project J bonds Wednesday.
The 2010A project M bonds are due 2057 and have a 6.655% coupon, priced at par.
Proceeds will be used to construct new Plant Vogtle electric generation facilities.
| Issuer: | Municipal Electric Authority of Georgia
|
| Issue: | Series 2010A taxable project M Build America Bonds
|
| Amount: | $1,012,235,000
|
| Type: | Negotiated
|
| Underwriter: | Goldman, Sachs & Co. (lead)
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A+
|
| Fitch: A+
|
| Pricing date: | March 5
|
| Settlement date: | March 12
|
|
|
| Maturity | Type | Coupon | Price
|
| 2057 | Term | 6.655% | 100
|
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