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North Carolina Eastern Municipal Power offers $477.53 million bonds
By Sheri Kasprzak
New York, June 11 – The North Carolina Eastern Municipal Power Agency is expected to price $477.53 million of series 2015 taxable revenue bonds, according to a preliminary official statement.
The bonds (/A-/A) will be sold through BofA Merrill Lynch as the senior manager. The co-managers are Barclays, First Southwest Co., Morgan Stanley & Co. LLC, Raymond James/Morgan Keegan, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC.
The bonds are due 2016 to 2025.
Proceeds will be used to acquire, develop, renovate, improve and extend power generation and transmission facilities.
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