By Sheri Kasprzak
New York, June 24 – The Municipal Gas Authority of Georgia sold $100 million of series U gas revenue bonds, according to a pricing sheet.
The bonds (/AA-/A+) were sold through J.P. Morgan Securities LLC and Wells Fargo Securities LLC.
The bonds are due 2015 to 2024 with 4% to 5% coupons.
Proceeds will be used to finance the Gas Portfolio III gas supply project.
| Issuer: | Municipal Gas Authority of Georgia
|
| Issue: | Series U gas revenue bonds
|
| Amount: | $100 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC and Wells Fargo Securities LLC (lead)
|
| Ratings: | Standard & Poor’s: AA-
|
| Fitch: A+
|
| Pricing date: | June 24
|
| Settlement date: | July 1
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $7.5 million | 2015 | Serial | 4% | 104.664
|
| $28.5 million | 2016 | Serial | 4% | 107.867
|
| $13 million | 2017 | Serial | 4% | 109.973
|
| $12 million | 2018 | Serial | 5% | 115.517
|
| $11.5 million | 2019 | Serial | 5% | 117.108
|
| $5 million | 2020 | Serial | 5% | 117.99
|
| $9.5 million | 2021 | Serial | 5% | 118.592
|
| $5 million | 2022 | Serial | 5% | 118.857
|
| $4.5 million | 2023 | Serial | 5% | 118.981
|
| $3.5 million | 2024 | Serial | 5% | 119.185
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
