JEA, Fla., to sell $65.4 million bonds for St. Johns River Power Park

By Sheri Kasprzak

New York, April 7 - JEA in Florida is expected to price $65.395 million in issue three, series three revenue bonds, according to a preliminary official statement.

The bonds (/AA-/AA-) will be sold for the St. Johns River Power Park System.

J.P. Morgan Securities Inc. is the lead manager for the negotiated deal. The co-managers are Citigroup Global Markets Inc.; Barclays Capital Inc.; Goldman, Sachs & Co.; Merrill Lynch & Co.; Morgan Stanley & Co. Inc.; and Wachovia Bank.

The bonds are due 2016 to 2029 with term bonds due 2034 and 2039.

Proceeds will be used for construction costs.

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