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Pima County Industrial Development, Ariz., to price $125.074 million revenue bonds
By Sheri Kasprzak
New York, March 10 - Pima County Industrial Development Authority in Arizona plans to sell $125.074 million in series 2008A industrial development revenue bonds in March.
The offering is being conducted for the Tucson Electric Power Co., and the bonds will be sold on a negotiated basis through lead managers Morgan Stanley and JPMorgan with BNY Capital Markets and Wachovia Securities as the co-managers.
The bonds are due 2029 and are variable rate.
The proceeds will be used to redeem the authority's series 1997B revenue bonds and 1997C revenue bonds.
The pricing date could not be determined by press time Monday.
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