Associated Electric Cooperative in Missouri plans to price $71.55 million refunding revenue bonds

By Cristal Cody

Springdale, Ark., March 5 - Missouri Environmental Improvement and Energy Resources Authority plans to price $71.55 million refunding revenue bonds on March 18, according to a preliminary offering statement released Wednesday.

The series 2008 pollution control bonds (-/AA/AA) will be sold for the Associated Electric Cooperative, a not-for-profit rural electric cooperative corporation.

The bonds initially will price in a term rate mode, according to the statement.

The bonds are due Dec. 1, 2034.

Goldman, Sachs & Co. is the senior manager, and Banc of America Securities LLC is the co-manager.

Proceeds will be used March 20 to redeem the outstanding principal on series 2007 refunding revenue bonds. The bonds were sold to refinance pollution control and sewer projects in Randolph County, Mo.

© 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.