Maricopa County, Ariz., coordinates $184.99 million offering of COPs

By Sheri Kasprzak

New York, June 3 – Maricopa County, Calif., is set to price $184,985,000 of series 2015 certificates of participation, according to a preliminary official statement.

The COPs (Aa1/AA+/AA+) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the lead manager. The co-managers are RBC Capital Markets LLC and Stifel, Nicolaus & Co.

The certificates are due 2017 to 2018.

Proceeds will be used to finance capital improvements during the fiscal year.

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