New Issue: Pima County, Ariz., IDA sells $100 million revenue bonds for Tucson Electric Power

By Sheri Kasprzak

New York, Oct. 8 - The Industrial Development Authority of the County of Pima, Ariz., priced $100 million in series 2010A tax-exempt industrial development revenue bonds for Tucson Electric Power Co. on Tuesday, according to an 8-K filed Friday with the Securities and Exchange Commission.

The bonds (//BBB-) are due Oct. 1, 2040 and have a 5.25% coupon priced at par.

Proceeds will be used to construct some of Tucson Electric's transmission and distribution facilities to provide retail electric utility services in Pima County.

Issuer:	Industrial Development Authority of the County of Pima, Ariz./Tucson Electric Power Co.
Issue:	Series 2010A tax-exempt industrial development revenue bonds
Amount:	$100 million
Maturity:	Oct. 1, 2040
Coupon:	5.25%
Price:	100
Yield:	5.25%
Rating:	Fitch: BBB-
Pricing date:	Oct. 5

© 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.