Kentucky Municipal Power readies $200 million power system bond sale

By Sheri Kasprzak

New York, March 13 – The Kentucky Municipal Power Agency is slated to price $200 million of series 2015A power system revenue refunding bonds on Tuesday, according to a preliminary official statement.

The bonds (A3/AA-/) will be sold through lead manager Goldman Sachs & Co. The co-managers are Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Raymond James/Morgan Keegan and Wells Fargo Securities LLC.

The maturities have not been set.

Proceeds will be used to refund the agency’s series 2007A bonds.

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