Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Transmission Agency of Northern California > News item |
Transmission Agency of Northern California to sell $424.48 million bonds
By Sheri Kasprzak
New York, Nov. 21 - The Transmission Agency of Northern California is expected to price $424.475 million in series 2008 California-Oregon Transmission Project revenue refunding bonds, according to a preliminary official statement.
The bonds (/A+/A+) will be sold on a negotiated basis with J.P. Morgan Securities Inc. as the lead manager. The co-managers are Citigroup Global Markets; Goldman, Sachs & Co.; Merrill Lynch & Co.; and Morgan Stanley & Co. Inc.
The sale includes $104.485 million in series 2008A bonds, $229.615 million in series 2008B bonds, $32.05 million in series 2008C bonds and $58.325 million in series 2008D bonds.
The 2008A bonds are due 2009 to 2020 with a term bond due 2029. The 2008B bonds are due 2014 to 2020 with a term bond due 2029, and the 2008C bonds are due 2019 to 2020 with a term bond due 2029. The 2008D bonds are due 2009 to 2018.
Proceeds will be used to retire the agency's series 2002 and 2003 bonds, as well as to retire the agency's commercial paper notes.
© 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.