Sacramento Municipal Utility District to sell $195.13 million bonds

By Sheri Kasprzak

New York, April 14 – The Sacramento Municipal Utility District Financing Authority of California is set to price $195.13 million of series 2015 Cosumnes project revenue refunding bonds, according to a preliminary official statement.

The bonds (/AA-/AA-) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the lead manager and BofA Merrill Lynch, Barclays and J.P. Morgan Securities LLC as the co-managers.

The bonds are due 2016 to 2030.

Proceeds will be used to refund the authority’s outstanding series 2006 Cosumnes project revenue bonds.

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