By Sheri Kasprzak
New York, Dec. 1 - The Municipal Gas Authority of Georgia priced $200 million in series C gas revenue bonds just before the Thanksgiving break, said Chris Howell, director of finance for the authority.
The bonds (MIG1/SP-1+/F1+) were sold through lead manager Wachovia Bank with J.P. Morgan Securities Inc. as the co-manager.
The bonds are due Dec. 16, 2009 and have a 2.5% coupon to yield 1.35%.
Proceeds will be used for Public Gas Partners' acquisition of natural gas reserves.
| Issuer: | Municipal Gas Authority of Georgia
|
| Issue: | Series C gas revenue bonds
|
| Amount: | $200 million
|
| Type: | Negotiated
|
| Underwriters: | Wachovia Bank (lead); J.P. Morgan Securities Inc. (co-manager)
|
| Maturity: | Dec. 16, 2009
|
| Coupon: | 2.5%
|
| Price: | 101.134
|
| Yield: | 1.35%
|
| Ratings: | Moody's: MIG1
|
| Standard & Poor's: SP-1+
|
| Fitch: F1+
|
| Pricing date: | Nov. 25
|
| Settlement date: | Dec. 16
|
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