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Alameda Corridor, Calif., preps $661.79 million refunding bonds
By Sheri Kasprzak
New York, April 28 – The Alameda Corridor Transportation Authority of California is set to price $661,795,000 of series 2016 tax-exempt subordinate revenue refunding bonds, said a preliminary official statement.
The offering includes $14.39 million of series 2016A bonds and $647,405,000 of series 2016B bonds.
The bonds (A2/AA/) will be sold on a negotiated basis with BofA Merrill Lynch and Barclays as the senior managers. The co-managers are Citigroup Global Markets Inc., RBC Capital Markets LLC and Stifel, Nicolaus & Co. Inc.
The 2016A bonds are due 2021 to 2025. The 2016B bonds are due 2034 to 2037.
Proceeds will be used to refund the authority’s series 2004A subordinate lien revenue bonds.
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