Phoenix to purchase $97.73 million of stadium revenue bonds for cash

By Devika Patel

Knoxville, Tenn., Nov. 1 - The Industrial Development Authority of the City of Phoenix said it is offering to purchase for cash $97.73 million of its taxable series 1998 stadium revenue bonds.

The affected bonds, which were issued for the Bank One Ballpark Project, include the following:

• $28.13 million of bonds due Dec. 1, 2016; and

• $69.6 million of bonds due Dec. 1, 2025.

The 2016 bonds will be bought back at 103, and the 2025 bonds will be bought back at 95.

J.P. Morgan is the dealer manager.

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