Philadelphia Redevelopment plans $73.49 million revenue refunding debt

By Sheri Kasprzak

New York, March 24 – The Philadelphia Redevelopment Authority is slated to price $73,495,000 of series 2015A city service agreement revenue refunding bonds, said a preliminary official statement.

The bonds (A2/A+/A-) will be sold on a negotiated basis with Goldman, Sachs & Co. and Siebert Brandford Shank & Co. as the lead managers and Barclays, Raymond James/Morgan Keegan and Stifel, Nicolaus & Co. as the co-managers.

The bonds are due 2027 to 2031.

Proceeds will be used to refund the authority’s series 2005C city service agreement revenue bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.