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Washington Economic Development Finance to offer $118.2 million of revenue refunding bonds
By Cristal Cody
Tupelo, Miss., July 18 – The Washington Economic Development Finance Authority is expected to price $118,215,000 of lease revenue refunding bonds (Aa1/AA+/) for Washington Biomedical Research Properties II, according to a preliminary official statement.
The deal includes $111,755,000 of series 2014A bonds with serial maturities from 2015 through 2038 and $6.46 million of series 2014B bonds due in 2015 and 2016.
Barclays is the lead manager of the negotiated offering. Citigroup Global Markets Inc. and BofA Merrill Lynch are co-managers.
Proceeds will be used to defease and refund outstanding series 2005E and series 2006J lease revenue bonds.
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