Grand River Dam Authority, Okla., to sell $562.9 million bonds Wednesday

By Sheri Kasprzak

New York, Sept. 8 - The Grand River Dam Authority of Oklahoma plans to price $562.905 million in series 2008 revenue bonds on Wednesday, according to an offering calendar.

The bonds (MIG1//A) will be sold on a negotiated basis with Citigroup Global Markets as the lead manager.

The deal includes $525.095 million in series 2008A bonds and $37.81 million in series 2008B bonds.

Proceeds from the sale will be used for the purchase of a 36% undivided interest in the Redbud gas-fired, combined-cycle power generation facility in Luther, Okla.

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