By Sheri Kasprzak
New York, May 10 - The Municipal Gas Authority of Georgia priced $80 million of series P gas revenue refunding bonds, said a pricing sheet.
The bonds (MIG 1/SP-1+/F1+) were sold through lead managers Wells Fargo Securities LLC and J.P. Morgan Securities LLC.
The bonds are due May 22, 2013, have a 2% coupon and priced at 101.713.
Proceeds will be used to refund the authority's series K revenue bonds, which were used to finance the acquisition of a working interest in gas wells in the Black Warrior Basin of Alabama and the Cherokee Basin of Kansas.
| Issuer: | Municipal Gas Authority of Georgia
|
| Issue: | Series P gas revenue refunding bonds
|
| Amount: | $80 million
|
| Maturity | : | May 22, 2013
|
| Coupon: | 2%
|
| Price: | 101.713
|
| Type: | Negotiated
|
| Underwriters: | Wells Fargo Securities LLC and J.P. Morgan Securities LLC (lead)
|
| Ratings: | Moody's: MIG 1
|
| Standard & Poor's: SP-1+
|
| Fitch: F1+
|
| Pricing date: | May 10
|
| Settlement date: | May 14
|
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