Vancouver, Wash., arranges $55.58 million conference center bond deal

By Sheri Kasprzak

New York, June 6 - The City of Vancouver, Wash., is set to price $55.58 million of series 2013 conference center project revenue refunding bonds for the Downtown Redevelopment Authority, according to a preliminary official statement.

The offering includes $38,165,000 of series 2013 conference center project revenue refunding bonds and $17,415,000 of series 2013 sales and lodging tax revenue refunding bonds.

The conference center bonds (Aa3/AA/) are due 2016 to 2028 with term bonds due in 2033, 2038 and 2043. The sales and lodging tax bonds (A3/BBB+/) are due 2016 to 2023 with term bonds due in 2028 and 2034.

The bonds will be sold through senior manager Piper Jaffray & Co.

Proceeds will be used to advance refund the city's series 2003A revenue bonds.

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