Glendale, Ariz., postpones sale of $84.28 million tax revenue bonds to Thursday

By Sheri Kasprzak

New York, May 13 - Glendale, Ariz., will now sell $84.28 million of senior-lien excise tax revenue bonds on Thursday, pushed back from Tuesday, said Ray Shuey with the city.

The bonds will be sold on a negotiated basis with Banc of America Securities as the senior manager.

The bonds are due in a serial structure from July 1, 2009 to July 1, 2033.

The city plans to use the proceeds to refund its series 2006B subordinated-lien excise tax bonds.

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