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Mesa, Ariz., preps $77.84 million sale of highway project notes
By Sheri Kasprzak
New York, Sept. 19 - The City of Mesa, Ariz., is set to price $77.835 million of series 2011A highway project advancement notes, according to a preliminary official statement.
The notes (Aa3/AA+/) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the senior manager. The co-manager is RBC Capital Markets LLC.
The notes are due 2017 to 2021.
Proceeds will be used to construct the initial phase of State Route 24 in Mesa.
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