The municipal market was flat to slightly firmer as Ohio’s American Municipal Power Inc. came to market with $470.7 million of taxable debt, including $386.6 million of Build America Bonds.

Merrill, Lynch & Co. priced the $470.7 million of revenue bonds for AMP in two series. The $386.6 million BAB series contains two maturities in 2034, and also matures in 2039 and 2043, yielding 6.453%, 5.953%, 6.553%, and 6.053%, respectively, all priced at par. After the 35% federal subsidy, they yield 4.19%, 3.87%, 4.26%, and 3.93%, respectively.

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