New Issue: Pima County IDA, Ariz., prices $90.75 million of Tucson Electric Power revenue bonds

By Sheri Kasprzak

New York, March 14 - The Pima County Industrial Development Authority of Arizona sold $90,745,000 of series 2013 tax-exempt industrial development revenue bonds for the Tucson Electric Power Co., said a form 8-K filed with the Securities and Exchange Commission.

The bonds are due Sept. 1, 2029 and have a 4% coupon priced at par.

Proceeds will be used to redeem on April 15 an outstanding series of tax-exempt bonds that bear interest at 6.375% annually and are due Sept. 1, 2029.

Issuer:	Pima County Industrial Development Authority/Tucson Electric Power Co.
Issue:	Series 2013 tax-exempt industrial development revenue bonds
Amount:	$90,745,000
Maturity:	Sept. 1, 2029
Coupon:	4%
Price:	100
Type:	Negotiated
Underwriters:	SunTrust Robinson Humphrey (lead), US Bancorp Investments Co. and Wells Fargo Securities LLC (co-managers)
Pricing date:	March 12
Settlement date:	March 14

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