Chattanooga Electric to price $215.08 million revenue bonds on Tuesday with maturities 2013 to 2033

By Cristal Cody

Springdale, Ark., Feb. 21 - The Electric Power Board of Chattanooga, Tenn., plans to price $215.075 million of electric system revenue bonds on Tuesday, the issuer said in an interview.

The series 2008A fixed-rate bonds (-/AA/AA) mature from 2013 to 2028 and have a term bond due 2033, said Greg Eaves, chief financial officer of the board.

Goldman, Sachs & Co. is the lead manager, with Banc of America Securities, Merrill Lynch & Co., Morgan Keegan & Co. and Sun Trust Robinson Humphrey as co-managers.

Proceeds will be used to finance a fiber optic broadband network and various capital improvements for the electric system.

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