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Burke County, Ga., to sell $255.04 million bonds for Oglethorpe Power
By Cristal Cody
Springdale, Ark., Aug. 20 - Burke County in Georgia plans to price $255.035 million pollution control revenue bonds for Oglethorpe Power on Thursday, a company source told Prospect News.
The sale includes $50 million series 2008A, $50 million series 2008B, $50 million series 2008C, $50 million series 2008D and $55.035 million series 2008E bonds.
The bonds (//A) will be sold in a negotiated sale led by senior manager J.P. Morgan Securities Inc.
Co-managers are Banc of America Securities LLC, SunTrust Robinson Humphrey, Merrill Lynch & Co. and Goldman, Sachs & Co.
Proceeds will be used to repay outstanding commercial paper.
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