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Municipal Gas Authority of Georgia to sell $120 million revenue bonds
By Sheri Kasprzak
New York, Nov. 19 - The Municipal Gas Authority of Georgia is set to price $120 million in series C gas revenue bonds, according to a preliminary official statement released Wednesday.
The bonds (MIG1/SP-1+/F1+) will be sold on a negotiated basis through lead manager Wachovia Bank. The co-manager is J.P. Morgan Securities Inc.
The bonds are due Dec. 16, 2009, and the bonds initially bear interest at a fixed rate.
Proceeds will be given to Public Gas Partners, a nonprofit natural gas concern, for the purchase of natural gas reserves.
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