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Massachusetts Municipal Wholesale Electric plans $171.14 million bonds
By Sheri Kasprzak
New York, Jan. 11 - The Massachusetts Municipal Wholesale Electric Co. is expected to bring to market $171.14 million of series 2012 power supply project revenue bonds, according to a preliminary official statement.
The offering includes $8.25 million of series 2012A Nuclear Mix No. 1 issue bonds (A+/A+), $7,155,000 of series 2012A Nuclear Project No. 3 issue (A+/A+), $36,585,000 of series 2012A Nuclear Project No. 4 issue (A+/A+), $11,615,000 of series 2012A Nuclear Project No. 5 issue (A/A+) and $107,535,000 of series 2012A Project No. 6 issue (A-/A+).
The bonds will be sold on a negotiated basis with Morgan Stanley & Co. LLC and BMO Capital Markets LLC as the senior managers.
Proceeds will be used to refund the company's series 2001A bonds.
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