San Diego Redevelopment Successor Agency preps $176.95 million bonds

By Sheri Kasprzak

New York, Jan. 8 – The San Diego Redevelopment Successor Agency of California plans to hit the market Wednesday with $176,945,000 of series 2016 tax allocation refunding bonds, according to a preliminary official statement.

The deal includes $146.88 million of series 2016A bonds and $30,065,000 of series 2016B taxable bonds.

The maturities have not been set.

The bonds (/AA-) will be sold through senior managers Citigroup Global Markets Inc. and Stifel, Nicolaus & Co. Inc. The co-managers are Backstrom McCarley Berry & Co., Piper Jaffray & Co., Raymond James/Morgan Keegan and Hilltop Securities Inc.

Proceeds will be used to refund the agency’s series 1999 to 2003 tax allocation bonds.

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