Industrial Development of Tempe, Ariz., arranges $79.58 million bonds

By Sheri Kasprzak

New York, Feb. 15 - The Industrial Development Authority of the City of Tempe, Ariz., is set to price $79.58 million of series 2012 revenue refunding bonds, according to a preliminary official statement.

The offering includes $75,095,000 of series 2012A bonds and $4,485,000 of series 2012B taxable bonds.

The bonds will be sold through underwriter Ziegler Capital Markets Inc.

Proceeds will be used to refund existing debt and make a deposit to a debt service reserve fund.

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