Semitropic Improvement District, Calif., plans $53 million bonds

By Sheri Kasprzak

New York, Sept. 14 - The Semitropic Improvement District of Semitropic Water Storage District, Calif., is expected to sell $53 million in series 2009A refunding revenue bonds, according to a preliminary official statement.

The bonds (/AA-/) will be sold on a negotiated basis with Wells Fargo Institutional Securities LLC and Wachovia Bank NA as the senior managers.

The maturities have not been set.

Proceeds will be used to refund outstanding series 2008 bonds.

The agency is based in Wasco, Calif.

© 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.