By Sheri Kasprzak
New York, May 19 - The Puerto Rico Electric Power Authority priced $317.06 million in series 2010CCC power revenue bonds on Wednesday, according to a pricing sheet.
The bonds (A3/BBB+/BBB+) were sold through senior manager J.P. Morgan Securities Inc.
The bonds, which are due 2021 to 2028, have coupons from 4.25% to 5.25%.
Proceeds will be used to fund capital improvement projects and to refund debt.
The San Juan-based authority is an electric power provider.
Issuer: | Puerto Rico Electric Power Authority
|
Issue: | Series 2010CCC
|
Amount: | $317.06 million
|
Type: | Negotiated
|
Underwriter: | J.P. Morgan Securities Inc. (lead)
|
Ratings: | Moody's: A3
|
| Standard & Poor's: BBB+
|
| Fitch: BBB+
|
Pricing date: | May 19
|
Settlement date: | May 26
|
|
Maturity | Type | Coupon | Price
|
2021 | Serial | 4.25% | 99.384
|
2021 | Serial | 5% | 105.512
|
2022 | Serial | 4.375% | 99.485
|
2022 | Serial | 5% | 104.595
|
2022 | Serial | 4.25% | 97.542
|
2023 | Serial | 4.5% | 100
|
2024 | Serial | 4.6% | 100
|
2024 | Serial | 5% | 103.197
|
2025 | Serial | 4.625% | 99.191
|
2025 | Serial | 5% | 101.341
|
2026 | Serial | 4.75% | 100
|
2026 | Serial | 5% | 101.982
|
2026 | Serial | 5.25% | 104.07
|
2027 | Serial | 4.8% | 100
|
2027 | Serial | 5% | 101.581
|
2027 | Serial | 5.25% | 103.968
|
2028 | Serial | 4.8% | 99.397
|
2028 | Serial | 5% | 101.181
|
2028 | Serial | 5.25% | 103.562
|
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