By Sheri Kasprzak
New York, Dec. 10 - The Oglethorpe Power Corp. of Georgia sold $101.115 million in series 2009 variable-rate tax-exempt pollution control revenue bonds, said a form 8-K filed Thursday with the Securities and Exchange Commission.
The bonds are due 2036 for $93.63 million and 2038 for $7,485,000. The rate resets weekly, and the initial rate is 0.996%, priced at par.
The sale included $7.485 million in series 2009A bonds and $93.63 million in series 2009B bonds.
The issuer was the Development Authority of Heard County and Development Authority of Monroe County.
J.P. Morgan Securities Inc. was the senior manager.
Proceeds from the sale will be used to finance or refinance sewage or solid waste disposal facilities at two electric generating facilities.
| Issuer: | Development Authority of Heard County and Development Authority of Monroe County (Oglethorpe Power Corp.)
|
| Issue: | Series 2009 variable-rate tax-exempt pollution control revenue bonds
|
| Amount: | $101.115 million
|
| Maturity: | 2036 ($93.63 million), 2038 ($7,485,000)
|
| Coupon: | 0.996%
|
| Price: | Par
|
| Type: | Negotiated
|
| Underwriter: | J.P. Morgan Securities Inc.
|
| Settlement date: | Dec. 10
|
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