By Sheri Kasprzak
New York, Jan. 6 - The Pima County Industrial Development Authority of Arizona priced on Wednesday $130 million of series 2010 revenue bonds, said a term sheet released by a source familiar with the deal.
The bonds (Baa3/BBB-/BB-) were sold through senior manager Morgan Stanley & Co. Inc.
The bonds are due 2029 and have a 5.87% coupon priced at par.
Proceeds will be used to fund capital expenditures.
| Issuer: | Pima County Industrial Development Authority
|
| Issue: | Series 2010 revenue bonds
|
| Amount: | $130 million
|
| Maturity: | 2029
|
| Coupon: | 5.87%
|
| Price: | Par
|
| Type: | Negotiated
|
| Underwriter: | Morgan Stanley & Co. Inc.
|
| Ratings: | Moody's: Baa3
|
| Standard & Poor's: BBB-
|
| Fitch: BB-
|
© 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.
