La Paz County IDA, Ariz., arranges $109 million taxable bond offering

By Sheri Kasprzak

New York, Nov. 17 – The Industrial Development Authority of La Paz County, Ariz., is set to price $109 million of series 2014 taxable senior lien refunding project revenue bonds, according to a preliminary official statement.

The bonds (/BBB/) will be sold through senior managers Aegis Capital Corp. and Raymond James & Associates Inc. The co-manager is Municipal Capital Markets Group.

The maturities have not been set.

Proceeds will be used to refund and redeem the authority’s series 2013 revenue bonds, which were issued to construct an industrial park for corporate office space near Calexico, Calif.

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