Salt River Project, Ariz., plans to sell $325 million revenue bonds

By Sheri Kasprzak

New York, Sept. 28 - The Salt River Project Agricultural Improvement and Power District of Arizona is expected to price $325 million in series 2009B electric system revenue bonds on Tuesday, according to a notice of sale.

The bonds (Aa1/AA/) will be sold on a competitive basis with Public Financial Management Inc. as the financial adviser.

The bonds are due 2013 to 2020.

Proceeds will be used to repay all of the district's outstanding commercial paper.

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