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Lancaster Port Authority, Ohio, prepares $321.63 million bond offering
By Sheri Kasprzak
New York, June 26 – The Lancaster Port Authority of Ohio is expected to price $321.63 million of series 2014 gas supply revenue refunding bonds, according to a preliminary official statement.
The bonds will be sold on a negotiated basis with RBC Capital Markets LLC as the senior manager.
The bonds are due 2015 to 2019 with a term bond due in 2038.
Proceeds will be used to refund the authority’s series 2008 revenue bonds, which were used to prepay for a natural gas acquisition.
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