By Sheri Kasprzak
New York, May 11 - The Municipal Gas Authority of Georgia sold $75 million in series I gas revenue refunding bonds on Tuesday, according to a pricing sheet.
The bonds (MIG1/SP-1/F1+) were sold through Wells Fargo Securities LLC. The co-manager was J.P. Morgan Securities Inc.
The 2% bonds priced at 101.343.
Proceeds will refinance existing debt.
The authority, based in Kennesaw, Ga., is a natural gas utility.
| Issuer: | Municipal Gas Authority of Georgia
|
| Issue: | Series I gas revenue refunding bonds
|
| Amount: | $75 million
|
| Maturity: | May 17, 2011
|
| Coupon: | 2%
|
| Price: | 101.343
|
| Type: | Negotiated
|
| Underwriters: | Wells Fargo Securities LLC (lead), J.P. Morgan Securities Inc. (co-manager)
|
| Ratings: | Moody's: MIG1
|
| Standard & Poor's: SP-1
|
| Fitch: F1+
|
| Pricing date: | May 11
|
| Settlement date: | May 17
|
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