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Modesto Public Financing Authority to price $65.16 million bonds
By Cristal Cody
Springdale, Ark., Aug. 22 - The Modesto Public Financing Authority in California plans to price $65.16 million lease revenue refunding bonds, according to a preliminary official statement.
The series 2008 bonds (/A/A+) are due Sept. 1, 2033.
The bonds initially will price with a weekly interest rate.
Banc of America Securities LLC will manage the negotiated sale.
Proceeds will be used to refund the series 1998 lease revenue bonds and the series 2007 lease revenue refunding and capital improvement bonds.
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