By Sheri Kasprzak
New York, July 1 - The Industrial Development Authority of the County of Pima in Arizona priced $130 million in tax-exempt industrial development revenue bonds, said a statement from the Securities and Exchange Commission filed Tuesday.
The bonds were sold in a public offering for the Tucson Electric Power Co. on June 25.
The bonds bear interest at the weekly rate but may be converted to the daily, commercial paper or term rates.
The full details of the sale were not immediately available.
Proceeds from the sale were used to redeem bonds issued by the authority on the company's behalf, which the company repurchased in 2005.
| Issuer: | Industrial Development Authority of the County of Pima (Arizona)/ Tucson Electric Power Co.
|
| Issue: | Tax-exempt industrial development revenue bonds
|
| Amount: | $130 million
|
| Coupon: | Resets weekly
|
| Price: | Par
|
| Pricing date: | June 25
|
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