By Cristal Cody
Tupelo, Miss., April 8 - The Irvine Ranch Water District Joint Power Agency in California priced $436 million in tax-exempt revenue bonds on Thursday, according to a source.
The deal was increased from a planned offering of $420 million.
The series 2010 bonds (Aaa) priced with coupons and yields of 0.904% to 2.6% on the serial maturities from 2011 though 2014, the source said.
Additional sale information was not immediately available.
The bonds were sold through a negotiated sale managed by senior manager Bank of America Merrill Lynch.
The proceeds will be used to partially refund the agency's taxable refunding bonds.
| Issuer: | Irvine Ranch Water District Joint Power Agency (California)
|
| Issue: | Series 2010 revenue bonds
|
| Amount: | $436 million
|
| Type: | Negotiated
|
| Underwriter: | Bank of America Merrill Lynch
|
| Maturities: | 2011-2014
|
| Coupons: | 0.904%-2.6%
|
| Yields: | 0.904%-2.6%
|
| Rating: | Moody's: Aaa
|
| Pricing date: | April 8
|
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