Morgan Hill Redevelopment, Calif., plans $88.46 million refunding deal

By Sheri Kasprzak

New York, Nov. 18 - The Morgan Hill Redevelopment Agency of California plans to price $88,455,000 of series 2013 refunding revenue bonds during the week of Nov. 18, according to a sales calendar.

The deal includes $73.12 million of series 2013A tax-exempt bonds and $15,335,000 of series 2013B taxable bonds.

The bonds (/AA-/AA-) will be sold through lead manager Morgan Stanley & Co. LLC.

Proceeds will be used to refund existing variable-rate tax allocation bonds.

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