Piedmont Municipal Power, S.C., to sell $121.11 million revenue bonds

By Sheri Kasprzak

New York, Oct. 27 - The Piedmont Municipal Power Agency of South Carolina plans to bring to market $121.11 million in series 2010A electric revenue bonds, according to a preliminary official statement.

The offering includes $14.865 million in series 2010A-1 taxable bonds, $50.915 million in series 2010A-2 refunding bonds, $17.92 million in series 2010A-3 refunding bonds, $22.525 million in series 2010A-4 refunding bonds and $14.885 million in series 2010A-5 refunding bonds.

Goldman Sachs & Co. and Wells Fargo Securities LLC are the senior managers. The co-managers are US Bancorp, TD Securities (USA) LLC, Barclays Capital Inc. and J.P. Morgan Securities LLC.

The maturities have not been set.

Proceeds will be used to refund the agency's series 1986, 1991, 1991A and 1998 refunding bonds.

Based in Greer, S.C., the agency is an electric power utility.

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