Commonwealth Financing, Pa., to bring $100 million bonds Wednesday

By Sheri Kasprzak

New York, April 24 - The Commonwealth Financing Authority in Pennsylvania is set to price $100 million in series 2009 revenue bonds on Wednesday, according to a preliminary official statement.

The sale included $50 million in series 2009A taxable bonds and $50 million in series 2009B tax-exempt bonds.

The bonds (A1/AA-/AA-) will be sold on a negotiated basis with RBC Capital Markets Corp. as the senior manager. The co-managers are Citigroup Global Markets Inc., Morgan Stanley & Co. Inc. and PNC Capital Markets Inc.

Proceeds will be used to fund the authority's alternative energy program.

The authority has its headquarters in Harrisburg, Pa.

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