Black Belt Energy Gas District, Ala., eyes $500 million revenue bonds

By Sheri Kasprzak

New York, May 3 – The Black Belt Energy Gas District of Alabama is set to price $500 million of series 2016A gas supply revenue bonds, according to a preliminary official statement.

The bonds (Aa3) will be sold on a negotiated basis with RBC Capital Markets LLC as the underwriter.

The bonds are due 2016 to 2021 with a term bond due in 2046.

Proceeds will be used to make a gas supply purchase.

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