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Tobacco Settlement, Wash., organizes $344.39 million revenue bond deal
By Sheri Kasprzak
New York, Sept. 20 - The Tobacco Settlement Authority of Washington State is set to price $344.39 million of series 2013 tobacco settlement revenue refunding bonds, according to a preliminary official statement.
The bonds will be sold on a negotiated basis with Barclays and Citigroup Global Markets Inc. The co-managers are BofA Merrill Lynch, KeyBanc Capital Markets LLC, RBC Capital Markets LLC and Raymond James/Morgan Keegan.
The bonds are due 2014 to 2033 with a term bond due in 2036.
Proceeds will be used to current refund the authority's series 2002 tobacco settlement revenue bonds.
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