By Sheri Kasprzak
New York, Feb. 11 - The East Bay Municipal Utility District of California brought $400 million in series 2010 water system revenue bonds on Thursday, according to a term sheet.
The bonds are due 2040 with a 5.874% coupon, priced at par.
Morgan Stanley & Co. Inc. was the senior manager.
Proceeds will be used to fund improvements to the district's water system.
The East Bay Municipal Utility District is based in Oakland, Calif.
| Issuer: | East Bay Municipal Utility District
|
| Issue: | Series 2010 water system revenue bonds
|
| Amount: | $400 million
|
| Maturity: | 2040
|
| Coupon: | 5.874%
|
| Price: | Par
|
| Type: | Negotiated
|
| Underwriter: | Morgan Stanley & Co. Inc. (lead)
|
| Pricing date: | Feb. 11
|
| Settlement date: | Feb. 23
|
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