New Issue: Municipal Electric Authority of Georgia prices $254.43 million bonds

By Sheri Kasprzak

New York, Aug. 11 – The Municipal Electric Authority of Georgia sold $254,425,000 of series 2015A Plant Vogtle bonds, according to a pricing sheet.

The deal included $185.18 million of series 2015A Plant Vogtle Project J bonds and $69,245,000 of series 2015A Plant Vogtle Project P bonds.

The Project J bonds are due in 2060 and have a 5% coupon priced at 103.282 and a 5.5% coupon priced at 109.265. The Project P bonds are due in 2060 and have a 5% coupon priced at 100.686 and a 5.5% coupon priced at 106.547.

The bonds were sold through Wells Fargo Securities LLC and U.S. Bancorp Investments Inc.

Proceeds will be used to finance the Project J and P entities’ ownership interest.

Issuer:	Municipal Electric Authority of Georgia
Issue:	Series 2015A Plant Vogtle bonds
Amount:	$254,425,000
Type:	Negotiated
Underwriters:	Wells Fargo Securities LLC and U.S. Bancorp Investments Inc. (lead), Barclays, BofA Merrill Lynch, BMO Capital Markets, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and TD Securities (USA) LLC (co-managers)
Pricing date:	Aug. 11
Settlement date:	Sept. 9
$185.18 million series 2015A Plant Vogtle Units 3 & 4 Project J bonds
Amount	Maturity	Type	Coupon	Price
$117.18 million	2060	Term	5%	103.282
$68 million	2060	Term	5.5%	109.265
$69,245,000 series 2015A Plant Vogtle Units 3 & 4 Project P bonds
Amount	Maturity	Type	Coupon	Price
$59,245,000	2060	Term	5%	100.686
$10 million	2060	Term	5.5%	106.547

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