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District of Columbia plans $85.99 million sale of refunding bonds for National Public Radio
By Sheri Kasprzak
New York, March 15 - The District of Columbia plans to price $85.99 million of series 2013 refunding revenue bonds for National Public Radio, said a preliminary official statement.
The bonds (Aa3/AA-/) will be sold on a negotiated basis with Morgan Stanley & Co. LLC as the senior manager. The co-managers are Loop Capital Markets LLC and J.P. Morgan Securities LLC.
The maturities have not been set.
Proceeds will be used to refund NPR's series 2010 revenue bonds.
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