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Municipal Energy Agency of Nebraska to sell $78.3 million revenue bonds Thursday
By Sheri Kasprzak
New York, Jan. 6 - The Municipal Energy Agency of Nebraska is planning to sell its previously announced $78.3 million in series 2009A subordinate power supply system revenue bonds on Thursday, according to a preliminary official statement.
The offering was originally slated to sell in November on a competitive basis. However, the bonds were re-designated and will now be sold on a negotiated basis with Goldman, Sachs & Co. as the senior manager. The co-managers are Citigroup Global Markets Inc. and Morgan Stanley & Co. Inc.
The bonds (//A) are due 2010 to 2019 with term bonds due 2028 and 2039.
Proceeds will be used to acquire a coal-fired power plant and to make capital improvements to it, as well as to redeem the agency's series 2003B auction-rate bonds and to make a deposit to a debt service reserve fund.
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