Eastern Municipal Water District, Calif., to sell $50 million of bonds

By Sheri Kasprzak

New York, June 29 - The Eastern Municipal Water District of California plans to price $50 million of series 2012A refunding water and sewer revenue bonds, according to a preliminary official statement.

The bonds (Aa2/VMIG 1/A-1+/AA+/F1+) will be sold on a negotiated basis with Stone & Youngberg as the sole underwriter.

The bonds are due July 1, 2038.

Proceeds will be used to refund the district's series 2008F certificates of participation.

The district is based in Perry, Calif.

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