News

The Minnesota Municipal Power Agency (MMPA) is pricing a $50 million bond issue on Tuesday, August 5 and Wednesday, August 6. Proceeds from the bond issue will refund MMPA’s Series 2004A bonds and fund an investment in a transmission project located in Anoka, Minnesota, an MMPA member community.

On July 28, Moody’s Investors Service upgraded MMPA’s bond rating to A2 with a stable outlook. The same day, Fitch Ratings affirmed its “A” rating and stable outlook for MMPA.

Bank of America/Merrill Lynch is MMPA’s senior manager for the bond sale. Morgan Stanley is the co-manager.