Alameda Corridor, Calif., plans to sell $265 million refunding bonds

By Sheri Kasprzak

New York, Jan. 11 - The Alameda Corridor Transportation Authority of California is expected to sell $265 million of series 2013A tax-exempt senior-lien revenue refunding bonds, according to a preliminary official statement.

The bonds (A3/A/A-) will be sold on a negotiated basis with Stone & Youngberg and Bank of America Merrill Lynch as the senior managers.

The bonds are due 2019 to 2029.

Proceeds will be used to refund the authority's series 1999A revenue bonds.

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