Tempe, Ariz., to sell $56.06 million general obligation bonds Thursday

By Sheri Kasprzak

New York, May 20 - The city of Tempe in Arizona is set to price $56.055 million in series 2009A general obligation bonds on Thursday, according to a preliminary official statement.

The bonds (Aa1/AAA/AAA) will be sold on a competitive basis with RBC Capital Markets Corp. as the financial adviser.

The bonds are due 2010 to 2029.

The proceeds will be used to fund public safety improvements, water and wastewater improvements, community service and parks improvements and street improvements.

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