Riverside, Calif., plans $140 million sale of electric revenue bonds

By Sheri Kasprzak

New York, Dec. 1 - The City of Riverside, Calif., is expected to price $140 million of series 2010 electric revenue bonds, according to a preliminary official statement.

The bonds (/AA-/AA-) will be sold on a negotiated basis with Bank of America Merrill Lynch as the underwriter.

The sale will include series 2010A Build America Bonds and series 2010B tax-exempt bonds, but the exact breakdown has not been determined.

The maturities have not been set.

Proceeds will be used to construct improvements to the city's electric power generation system.

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