North Carolina Eastern Municipal Power to offer $70.56 million bonds

By Aaron Hochman-Zimmerman

New York, April 28 - The North Carolina Eastern Municipal Power Agency announced plans to issue $70.555 million in series 2009A power system revenue bonds, according to treasury manager Susan Ingram.

The bonds will carry serial maturities from 2010 to 2019 with $34.56 million term bonds due from 2020 to 2026.

Citigroup Global Markets Inc., Banc of America Securities LLC, Morgan Stanley & Co. Inc. and Wachovia Bank NA will act as underwriters for the negotiated deal.

Proceeds will be used for maintenance and expansion of agency facilities as well as the establishment of a reserve fund.

The North Carolina Eastern Municipal Power Agency is located in Raleigh, N.C.

© 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.