Owensboro Electric, Ky., plans $87.9 million bond offering for Tuesday

By Sheri Kasprzak

New York, June 10 - The Owensboro Electric Light and Power System of Kentucky plans to price $87.9 million of series 2013 revenue bonds on Tuesday, according to a sales calendar.

The deal includes $10,875,000 of series 2013A taxable bonds and $77,025,000 of series 2013B tax-exempt bonds.

The bonds (A3) will be sold on a negotiated basis with BofA Merrill Lynch as the senior manager.

Proceeds will be used to finance improvements to the power system.

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