Irvine Ranch Water District, Calif., to sell $420 million taxable G.O.s Thursday

By Sheri Kasprzak

New York, April 5 - The Irvine Ranch Water District Joint Power Agency of California is expected to bring to market $420 million in series 2010 taxable general obligation bonds on Thursday, said a sales calendar.

The bonds (Aaa) will be sold on a negotiated basis with Bank of America Merrill Lynch as the senior manager.

Proceeds from the sale will be used to partially refund the agency's taxable refunding bonds.

The agency, based in Irvine, Calif., provides domestic water service, sewage collection and water reclamation for the city.

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