JEA, Fla., calls $328.1 million water and sewer system revenue bonds

By Ashley Montgomery

Kansas City Kan., Jan. 26 - JEA will redeem portions of 13 series of its water and sewer system revenue bonds on Feb. 24, the company said in an announcement.

JEA will redeem a total of $328,095,000 of bonds at par plus accrued interest to the redemption date.

The affected bonds include $308,055,000 of water and sewer system revenue bonds, series 2002C, 2003A, 2003B, 2004B, 2004C, 2005A, 2005B, 2005C, 2006A and 2006B and $20.04 million of water and sewer system subordinated revenue bonds, series 2003C, 2004A and 2006A.

The redemption will be funded with proceeds from JEA's issuance of series 2012 water and sewer system revenue bonds, the announcement said.

U.S. Bank, NA is the agent.

JEA is an electric utility based in Jacksonville, Fla.

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