By Sheri Kasprzak
New York, Nov. 22 - The New Mexico Renewable Energy Transmission Authority priced $75.255 million of series 2010 revenue bonds for Edison Mission Energy, a subsidiary of Edison Mission Group, according to a statement released Monday by the company.
The sale included $50 million of series 2010A bonds and $25.255 million of series 2010B bonds.
Both bonds are due Nov. 1, 2017 and have a 6.85% coupon priced at par.
George K. Baum & Co. was the senior manager.
Proceeds from the sale will be used to finance Edison's High Lonesome Mesa wind project commission in July 2009. The project, located in Torrance County, N.M., generates 100 MW of electricity generated by 40 wind turbines.
Based in Santa Fe, N.M.., the authority finances alternative energy projects throughout the state. Edison Mission, located in Irvine, Calif., develops wind energy projects.
| Issuer: | New Mexico Renewable Energy Transmission Authority/Edison Mission Energy
|
| Issue: | Series 2010 revenue bonds
|
| Amount: | $75.255 million
|
| Type: | Negotiated
|
| Underwriter: | George K. Baum & Co. (lead)
|
| Pricing date: | Nov. 22
|
|
|
| $50 million series 2010A
|
| Maturity | Type | Coupon | Price
|
| Nov. 1, 2017 | Term | 6.85% | 100
|
|
|
| $25.255 million series 2010B
|
| Maturity | Type | Coupon | Price
|
| Nov. 1, 2017 | Term | 6.85% | 100
|
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