Municipal Electric Authority of Georgia refunds two revenue bonds

By Ashley Montgomery

Kansas City, Kan., Oct. 25 - Municipal Electric Authority of Georgia has defeased its series FF power revenue bonds and its series 2002A general power revenue bonds, according to a notice.

The company plans to redeem the bonds on Jan. 1, 2013 at par plus accrued interest to the redemption date.

The following series FF bonds are affected:

• $380,000 of 4% bonds due Jan. 1, 2014;

• $285,000 of 4% bonds due Jan. 1, 2015;

• $410,000 of 4% bonds due Jan. 1, 2016;

• $310,000 of 4% bonds due Jan. 1, 2017;

• $435,000 of 4% bonds due Jan. 1, 2018;

• $340,000 of 4% bonds due Jan. 1, 2019;

• $350,000 of 4% bonds due Jan. 1, 2020;

• $315,000 of 4.125% bonds due Jan. 1, 2021;

• $13,795,000 of 5% bonds due Jan. 1, 2022;

• $9,865,000 of 5% bonds due Jan. 1, 2023;

• $6.2 million of 5% bonds due Jan. 1, 2026; and

• $2 million of 5% bonds due Jan. 1, 2026.

The following 2002A bonds are affected:

• $3,975,000 of 4% bonds due Jan. 1, 2017;

• $11.53 million of 5% bonds due Jan. 1, 2017;

• $1.52 million of 4.125% bonds due Jan. 1, 2018; and

• $32.64 million of 5% bonds due Jan. 1, 2018.

Bank of New York Mellon is the trustee.

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