By Sheri Kasprzak
New York, Dec. 20 - The City of Forsyth in Montana priced $83.7 million of series 2010 pollution control revenue refunding bonds for Avista Corp., according to an 8-K filed with the Securities and Exchange Commission.
The bonds were purchased by Avista due to market conditions and were not offered to the public.
The deal included $66.7 million of series 2010A bonds and $17 million of series 2010B bonds. The 2010A bonds are due Oct. 1, 2032, and the 2010B bonds are due March 1, 2034.
Both bonds are variable rate and initially bear interest at the term rate.
Proceeds will be used to refund Avista's series 2008 and 2009 pollution control revenue bonds.
Based in Spokane, Wash., Avista is an energy transmission, distribution and production company.
| Issuer: | Forsyth, Mont./Avista Corp.
|
| Issue: | Series 2010A-B pollution control revenue bonds
|
| Amount: | $83.7 million
|
| Pricing date: | Dec. 15
|
| Settlement date: | Dec. 15
|
|
|
| $66.7 million series 2010A
|
| Amount | Maturity | Type | Coupon | Price
|
| $66.7 million | Oct. 1, 2032 | Term | Term rate | 100
|
|
|
| $17 million series 2010B
|
| Amount | Maturity | Type | Coupon | Price
|
| $17 million | March 1, 2034 | Term | Term rate | 100
|
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