New Jersey Environmental to price $208.76 million refunding bonds

By Cristal Cody

Tupelo, Miss., Aug. 6 - New Jersey Environmental Infrastructure Trust plans to price $208.76 million of environmental infrastructure refunding bonds (Aaa/AAA/AAA) in three tranches, according to a preliminary official statement.

The deal includes $198.42 million of series 2012A-R bonds with serial maturities from 2013 through 2026, $1.28 million of series 2012B-R bonds due 2013 through 2021 and $9.06 million of series 2012C-R bonds due 2013 through 2023.

The bonds will price through a competitive sale on Aug. 14.

Public Financial Management, Inc. is the financial advisor.

Proceeds will be used to refund outstanding bonds.

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