Salt River Project, Ariz., to sell $400 million bonds week of Jan. 12

By Sheri Kasprzak

New York, Dec. 19 - The Salt River Project Agricultural Improvement and Power District of Arizona is expected to sell $400 million in series 2009A electric system revenue bonds the week of Jan. 12, according to a calendar of upcoming deals.

The bonds (Aa1) will be sold on a competitive basis.

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

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