By Sheri Kasprzak
New York, July 8 - The Water Infrastructure and Finance Authority of Arizona sold $147.615 million of series 2009A water quality revenue refunding bonds Wednesday, said a sell-side source connected to the deal.
The bonds are due 2010 to 2029 with coupons from 2.5% to 5% and yields from 0.34% to 4.47%. The all-in true interest cost came in at 3.959%.
Morgan Stanley & Co. Inc. was the senior manager.
Proceeds will be used to refund existing debt for the authority, which is based in Phoenix.
| Issuer: | Water Infrastructure and Finance Authority
|
| Issue: | Series 2009A water quality revenue refunding bonds
|
| Amount: | $147.615 million
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| Type: | Negotiated
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| Underwriter: | Morgan Stanley & Co. Inc.
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| Maturity: | 2010 to 2029
|
| Coupons: | 2.5% to 5%
|
| Yields: | 0.34% to 4.47%
|
| Pricing date: | July 8
|
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