New Issue: Apache County, Ariz., authority sells $177 million of bonds for Tucson Electric

By Sheri Kasprzak

New York, March 13 - The Industrial Development Authority of Apache County, Ariz., sold $177 million of series 2012 pollution control revenue bonds for the Tucson Electric Power Co., according to a pricing sheet.

The bonds (Baa3/BBB-/BBB-) were sold through senior manager Bank of America Merrill Lynch.

The bonds are due March 1, 2030 and have a 4.5% coupon priced at par.

Proceeds will be used to finance pollution control initiatives for the Tucson Electric Power Co.

Issuer:	Industrial Development Authority of Apache County, Ariz./Tucson Electric Power Co.
Issue:	Series 2012 pollution control revenue bonds
Amount:	$177 million
Maturity:	March 1, 2030
Coupon:	4.5%
Price:	100
Type:	Negotiated
Underwriter:	Bank of America Merrill Lynch
Ratings:	Moody's: Baa3
	Standard & Poor's: BBB-
	Fitch: BBB-
Pricing date:	March 13
Settlement date:	March 20

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.