El Dorado Irrigation, Calif., to sell $133 million COPs Wednesday

By Sheri Kasprzak

New York, Jan. 16 - The El Dorado Irrigation District of California plans to price $133 million in series 2009 revenue certificates of participation (A2/A+/) Wednesday, according to a preliminary official statement released Friday.

The COPs will be sold with Citigroup Global Markets Inc. as the lead manager.

The certificates are due 2013 to 2024 with term bonds due 2029, 2035 and 2039.

Proceeds will be used to acquire facilities for the water and sewer district, as well as to refinance existing COPs.

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