Eastern Municipal Water, Calif., preps $54.58 million sale of bonds

By Sheri Kasprzak

New York, March 8 - The Eastern Municipal Water District of California plans to sell $54,575,000 of series 2013A 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 Goldman, Sachs & Co. as the senior manager.

The bonds are due July 1, 2035.

Proceeds will be used to purchase upon mandatory tender the district's series 2008B variable-rate certificates of participation.

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