By Sheri Kasprzak
New York, Nov. 10 - The Municipal Gas Authority of Georgia sold on Wednesday $67 million of series 2010J gas revenue refunding bonds, said a pricing sheet.
The bonds (MIG 1/SP-1+/F1+) were sold through Wells Fargo Securities LLC and J.P. Morgan Securities LLC.
The bonds are due Nov. 16, 2011 and have a 2% coupon priced at 101.391.
Proceeds will be used to refund the authority's series H bonds, which were issued to finance the acquisition of working rights in the Black Warrior Basin of Alabama and the Cherokee Basin of Kansas.
The authority is based in Kennesaw, Ga.
| Issuer: | Municipal Gas Authority of Georgia
|
| Issue: | Series 2010J gas revenue refunding bonds
|
| Amount: | $67 million
|
| Maturity: | Nov. 16, 2011
|
| Coupon: | 2%
|
| Price: | 101.391
|
| Type: | Negotiated
|
| Underwriters: | Wells Fargo Securities LLC and J.P. Morgan Securities LLC
|
| Ratings: | Moody's: MIG 1
|
| Standard & Poor's: SP-1+
|
| Fitch: F1+
|
| Pricing date: | Nov. 10
|
| Settlement date: | Nov. 16
|
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