Featured Municipal Bond Issue, Week of July 2nd, 2018: American Municipal Power, Inc. Revenue Bonds – $100 Million
Columbus, Ohio’s American Municipal Power, Inc. is issuing $100 million in combined hydroelectric projects revenue bonds, issued as a single, tax-exempt series the week of July 2nd, 2018. A portion of the bond proceeds will be used to repay draws on a line of credit made to provide interim financing for certain capital expenditures. Security for the bonds is payable by gross receipts, including payments made by participants in the power sales contract, the details of which, and details on purposes, tax-status, security, as well as other matters pertaining to these American Municipal Power bonds can be found in the preliminary official statement, available on MuniOS.
American Municipal Power services Columbus OH, part of the Columbus, OH Metropolitan Area. As of May 2018, the Columbus metro area has an unemployment rate of 3.5%, which is 0.3% lower than the U.S. rate in May, and 0.8% lower than the unemployment rate as of May 2017, as can be seen in the chart below.
You can find 10-year employment and labor force trends for all 50 states and each Metropolitan Statistical Area in the U.S. in our Employment Database, and more labor sector growth and compensation data on our Job Market page.
These facts and numbers are for informational purposes, and should not be considered an official disclosure for potential investors. Investors should consult the official statement. None of the information provided should be construed as a recommendation by MuniNet Guide, MuniNet LLC, Merritt Research Services LLC, or any of their employees. Information and analysis is for informational purposes only.
by Jeffrey L Garceau