By Sheri Kasprzak
New York, Nov. 18 - The Municipal Gas Authority of Georgia sold $150 million of gas portfolio III revenue refunding bonds, said a term sheet.
The sale included $75 million of series G bonds and $75 million of series H bonds.
The series G bonds are due May 19, 2010 and have a 2% coupon priced at 100.554. The series H bonds are due Nov. 18, 2010 and have a 2% coupon priced at 100.999.
Wells Fargo Securities Inc. and J.P. Morgan Securities Inc. were the lead managers for the bonds (MIG 1/SP-1+/F1+).
The proceeds will be used to refund existing debt.
| Issuer: | Municipal Gas Authority of Georgia
|
| Issue: | Gas portfolio III revenue refunding bonds
|
| Amount: | $150 million
|
| Type: | Negotiated
|
| Underwriters: | Wells Fargo Securities Inc. and J.P. Morgan Securities Inc.
|
| Ratings: | Moody's: MIG 1
|
| Standard & Poor's: SP-1+
|
| Fitch: F1+
|
| Pricing date: | Nov. 18
|
|
|
| Series G
|
| Maturity | Type | Coupon | Price
|
| May 19, 2010 | Term | 2% | 100.554
|
|
|
| Series H
|
| Maturity | Type | Coupon | Price
|
| Nov. 18, 2010 | Term | 2% | 100.999
|
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