green tips
press releases
local green
green videos
useful links
berkeley independent
Georgetown Times
 Printer friendly version |  E-mail to a friend 0 0 comment(s)

Santee Cooper announces 2012 refunding bond sale
Published Wednesday, January 18, 2012 3:10 PM
MONCKS CORNER, S.C. – Santee Cooper, the South Carolina Public Service Authority, is offering approximately $235,665,000 in refunding bonds.

The 2012 Refunding Series A and Refunding Series B bonds are tax-exempt.  The 2012 Refunding Series C bonds are taxable. The bonds are being issued to redeem a portion of Santee Cooper’s 2002 Refunding Series A, 2002 Refunding Series D and 2003 Refunding Series A bonds. The term “tax-exempt” means exempt from federal and South Carolina income taxes for South Carolina residents under current law.

The retail portion of these bonds will price tomorrow, and the remainder will be sold Thursday. Maturities range from 2012 through 2021. The Preliminary Official Statement for these bonds is available by contacting any of the firms listed below or Santee Cooper Bondholder Relations at 1-877-246-3338. It is also posted at www.santeecooper.com/investor-relations.

Lead underwriter for this transaction is Morgan Stanley & Co. The underwriting team also includes Barclays Capital, Inc., Goldman, Sachs & Co., BofA Merrill Lynch, Citigroup Global Markets Inc., and J.P. Morgan Securities LLC.

Santee Cooper is South Carolina’s state-owned electric and water utility, and the state’s largest power producer. The ultimate source of electricity for 2 million South Carolinians, Santee Cooper is dedicated to being the state’s leading resource for improving the quality of life for the people of South Carolina. For more information, visit www.santeecooper.com.

Comments (0)
Notice about comments:
BerkeleyIndependent.com is pleased to offer readers the ability to comment on stories. We expect our readers to engage in lively, yet civil discourse. BerkeleyIndependent.com does not edit user submitted statements and we cannot promise that readers will not occasionally find offensive or inaccurate comments posted in the comments area. Responsibility for the statements posted lies with the person submitting the comment, not BerkeleyIndependent.com. If you find a comment that is objectionable, please click "report abuse" and we will review it for possible removal. Please be reminded, however, that in accordance with our Terms of Use and federal law, we are under no obligation to remove any third party comments posted on our website.

green on campus
Eco Geek