By Cristal Cody
Springdale, Ark., March 24 - The Industrial Development Authority of Pima County, Ariz., priced $90.745 million of industrial development revenue bonds that bear a 6.375% interest rate, according to a filing Monday with the Securities and Exchange Commission.
The bonds, which mature Sept. 1, 2029, were sold on March 19 for the Tucson Electric Power Co.
Proceeds were used to redeem bonds repurchased by the power company in 2005.
The company also plans to redeem $10 million of the collateral trust bonds due Aug. 1, 2008, on May 16.
Additional pricing information was not immediately available.
| Issuer: | Industrial Development Authority of Pima County, Ariz./Tucson Electric Power Co.
|
| Issue: | Industrial development revenue bonds
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| Amount: | $90.745 million
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| Maturity: | Sept. 1, 2029
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| Interest: | 6.375%
|
| Pricing date: | March 19
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