By Cristal Cody
Springdale, Ark., June 30 - FirstEnergy Generation Corp. priced $241.26 million pollution control revenue refunding bonds through the Ohio Air Quality Development Authority, a source said Monday.
The $141.26 million series 2008A bonds priced with a 1.55% initial interest rate.
The $100 million series 2008B bonds priced with a 1.8% initial interest rate.
The bonds (Aaa/AAA/) priced initially with a daily interest rate.
KeyBanc Capital Markets Inc. managed the negotiated sale of the series 2008A bonds, and Banc of America Securities LLC managed the sale of the series 2008B bonds.
Proceeds will be used to refund auction-rate securities.
| Issuer: | FirstEnergy Generation Corp./ Ohio Air Quality Development Authority
|
| Issue: | Revenue refunding bonds
|
| Total amount: | $241.26 million
|
| Type: | Negotiated
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Pricing date: | June 27
|
| Settlement date: | June 30
|
|
|
| Series 2008A bonds
|
| Issue: | Series 2008A bonds
|
| Total amount: | $141.26 million
|
| Initial rate: | 1.55%
|
| Resets: | Daily
|
| Underwriter: | KeyBanc Capital Markets Inc.
|
|
|
| Series 2008B bonds
|
| Issue: | Series 2008B bonds
|
| Total amount: | $100 million
|
| Initial rate: | 1.8%
|
| Resets: | Daily
|
| Underwriter: | Banc of America Securities LLC
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
