San Francisco redevelopment agency to price $145.77 million of bonds

By Sheri Kasprzak

New York, Dec. 5 – The Successor Agency to the Redevelopment Agency of the City and County of San Francisco, Calif., is expected to price $145,765,000 of series 2014 tax allocation refunding bonds, according to a preliminary official statement.

The deal includes $69 million of series 2014B taxable subordinate bonds and $76,765,000 of series 2014C subordinate bonds.

The bonds (/A+/) will be sold on a negotiated basis. Piper Jaffray & Co. Inc. is the senior manager for the taxable bonds with Stifel, Nicolaus & Co. Inc. and Stinson Securities LLC as the co-managers. The senior manager for the 2014C bond is Backstrom McCarley Berry & Co. LLC with Stifel and Blaylock Van Beal LLC as the co-managers.

The maturities have not been set.

Proceeds will be used to refund the agency’s series 1993B, 1998D, 2003C, 2004A, 2004C, 2004D, 2005A, 2005C and 2006A tax allocation bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.