Black Belt Energy Gas District, Ala., offers $1 billion revenue bonds

By Sheri Kasprzak

New York, Feb. 9 – The Black Belt Energy Gas District of Alabama is expected to price $1 billion of series 2016 gas supply revenue bonds, according to a preliminary official statement.

The offering will be conducted in two tranches, but the exact breakdown was not available Tuesday.

The bonds will be sold on a negotiated basis with RBC Capital Markets LLC as the underwriter.

The bonds are due 2017 to 2021 with a term bond due in 2046.

Proceeds will be used to make a gas supply purchase.

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