Phoenix, Ariz., to price $290 million G.O. refunding bonds Thursday

By Sheri Kasprzak

New York, June 2 - The City of Phoenix, Ariz., is slated to price $290,005,000 of series 2014 general obligation refunding bonds on Thursday, according to a preliminary official statement.

The bonds (Aa1/AA+/) will be sold on a negotiated basis with Piper Jaffray & Co. as the lead manager. The co-managers are Citigroup Global Markets Inc.; Stifel, Nicolaus & Co.; Wells Fargo Securities LLC; Academy Securities Inc.; Blaylock Beal Van LLC; and Mesirow Financial Inc.

The bonds are due 2019 to 2027.

Proceeds will be used to refund the city's series 2003, 2004 and 2005B G.O. bonds.

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