Merced Irrigation, Calif., organizes $57.84 million of electric bonds

By Sheri Kasprzak

New York, April 30 – The Merced Irrigation District of California is set to price $57,835,000 of series 2015A electric system refunding revenue bonds, according to a preliminary official statement.

The bonds (/A-/) will be sold on a negotiated basis with Citigroup Global Markets Inc. and Sutter Securities Inc.

The maturities have not been set.

Proceeds will be used to refund the district’s series 2005 COPs and prepay its series 2013 electric system revenue bonds.

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