Salt River Project, Ariz., to sell $750 million revenue bonds Tuesday

By Sheri Kasprzak

New York, Jan. 12 - The Salt River Project Agricultural Improvement and Power District in Arizona is expected to sell $750 million in series 2009A electric system revenue bonds on Tuesday, according to a preliminary official statement released Monday.

The bonds (Aa1) will be sold on a negotiated basis with Goldman, Sachs & Co. as the senior manager.

Proceeds will be used for ongoing capital improvement projects, including power generation, transmission and distribution improvements.

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