Water Infrastructure Finance Authority of Arizona plans $249 million revenue bond sale

By Sheri Kasprzak

New York, April 4 - The Water Infrastructure Finance Authority of Arizona plans to sell $249 million in water revenue bonds during the week of April 21, a calendar of offerings said.

The bonds ( / /AAA) will be sold on a negotiated basis, but the lead manager could not be ascertained by press time Friday.

Proceeds from the deal will be used to reimburse the authority for money loaned to local borrowers for water projects.

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