By Sheri Kasprzak
New York, May 3 - The Municipal Gas Authority of Georgia priced $75 million of series 2011K gas revenue refunding bonds on Tuesday, according to a pricing sheet.
The bonds (MIG1/SP-1+/F1+) are due May 23, 2012 and have a 2% coupon priced at 101.443.
Wells Fargo Securities LLC and J.P. Morgan Securities LLC were the senior managers.
Proceeds will be used to refund a portion of the authority's outstanding debt.
Issuer: | Municipal Gas Authority of Georgia
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Issue: | Series 2011K gas revenue refunding bonds
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Amount: | $75 million
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Maturity: | May 23, 2012
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Coupon: | 2%
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Price: | 101.443
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Type: | Negotiated
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Underwriters: | Wells Fargo Securities LLC and J.P. Morgan Securities LLC
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Ratings: | Moody's: MIG1
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| Standard & Poor's: SP-1+
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| Fitch: F1+
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Pricing date: | May 3
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Settlement date: | May 10
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