Connecticut Municipal Electric Energy to bring $71.62 million bonds

By Cristal Cody

Tupelo, Miss., April 5 - The Connecticut Municipal Electric Energy Cooperative intends to sell $71.62 million of power supply system revenue bonds, according to a preliminary official statement.

The deal includes $57.14 million of series 2013A bonds with serial maturities from 2014 through 2032 and term bonds due 2033 and 2038 and $14.48 million of series 2013B bonds due 2014 to 2018.

BMO Capital Markets Corp. is the senior manager of the negotiated sale. Co-managers are Morgan Stanley & Co. LLC and Wells Fargo Securities LLC.

Proceeds will be used to finance the costs to acquire and construct generating units and to refund outstanding debt.

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