Puerto Rico Electric Power Authority preps $600 million revenue bonds

By Sheri Kasprzak

New York, July 26 - The Puerto Rico Electric Power Authority is expected to come to market with $600 million of series 2013A power revenue bonds, according to a preliminary official statement.

The bonds will be sold through senior managers Morgan Stanley & Co. LLC and Wells Fargo Securities LLC. The co-managers are Citigroup Global Markets Inc., J.P. Morgan Securities LLC, BofA Merrill Lynch, Barclays, FirstBank PR Securities, Goldman, Sachs & Co., Jefferies & Co., Mesirow Financial Inc., Oriental Financial Services, Popular Securities, Ramirez & Co. Inc., RBC Capital Markets LLC, Santander Securities, Scotia MSD and UBS FS Puerto Rico.

The maturities have not been set.

Proceeds will be used to finance various projects under the authority's capital improvement program.

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