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Municipal Electric Authority of Georgia preps $263.59 million bonds
By Sheri Kasprzak
New York, Dec. 1 - The Municipal Electric Authority of Georgia is expected to sell $263.585 million of series 2011 revenue bonds, according to a preliminary official statement.
The offering includes $121.74 million of series three taxable power revenue bonds, $44.985 million of series 2011D taxable project one subordinated bonds, $57.36 million of series 2011A taxable general power revenue bonds and $39.5 million of series 2011D taxable general resolution projects subordinate bonds.
The series three taxable bonds are due 2013 to 2028.
The series 2011D taxable project one bonds are due 2014 to 2017 and 2020 to 2021.
The 2011A taxable general power revenue bonds are due 2013 to 2028.
The 2011D taxable general resolution project subordinated bonds are due in 2018 and 2021.
Goldman Sachs & Co. is the senior manager. The co-managers are Barclays Capital Inc., BMO Capital Markets LLC, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, US Bancorp Inc. and Wells Fargo Securities LLC.
Proceeds will be used to make capital improvements to various projects operated by the authority.
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