El Paso Downtown Development plans $60.8 million revenue bond offering

By Sheri Kasprzak

New York, Aug. 19 - The City of El Paso Downtown Development Corp. plans to price $60.8 million of series 2013 downtown ballpark special revenue bonds, according to a preliminary official statement.

The offering includes $41.97 million of series 2013A bonds and $18.83 million of series 2013B taxable bonds.

The bonds (/AA-/A+) will be sold on a negotiated basis with Goldman, Sachs & Co. as the lead manager. The co-managers are Raymond James/Morgan Keegan and Wells Fargo Securities LLC.

The 2013A bonds are due 2015 to 2033, and the 2013B bonds are due 2019 to 2043.

Proceeds will be used to finance the construction of a ballpark in downtown El Paso.

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