Previous Bond Issues

Original Bond Issue

• Closed on January 27, 2005
• The issue included five project loans totaling $16,690,000.
• The bonds had a Standard and Poor's rating of "AA-/A-1+".
• Participants:
  • Alexandria Light and Power
    Project: Seven various electric and water projects
  • Central Minnesota Municipal Power Agency
    Project: NC2 project, BSPII project
  • Princeton Public Utilities
    Project: Well - plant construction
  • Rochester Public Utilities
    Project: Electric project
  • Wells Public Utilities
    Project: Water project

Second Bond Issue

• Closed on October 27, 2005
• This is a $50,000,000 Draw-Down Bond
• The bonds have a Standard and Poor's rating of "AA-/A-1+".
• Participants:
  • City of Delano
    Project: Sanitary sewer inceptor
  • City of Winton
    Project: Sanitary sewer maintenance
  • Delano Municipal Utilities
    Project: Water treatment plant, upgrading an electrical substation and various other electric projects
  • Hibbing Public Utilities
    Project: LEA expenditures
  • Sauk Centre Public Utilities Commission
    Project: Lakeshore drive lift station
  • Princeton Public Utilities                                
    Project: Substation Expansion & Transmission Line
  • City of Blooming Prairie                              
    Project: Industrial Park, Water and Sewer Project
  • City of Brewster
    Project: Electric Feeder line
  • CMMPA
    Project: Big Stone Plant 2 Expenses
  • Rochester Public Utilities
    Project: Water Main Project