San Diego Public Facilities to sell $325 million bonds week of June 22

By Sheri Kasprzak

New York, June 8 - The Public Facilities Financing Authority of the City of San Diego is set to price $325 million in series 2009B water revenue bonds during the week of June 22, according to a preliminary official statement.

The bonds (A1/AA-/AA-) will be sold on a negotiated basis with J.P. Morgan Securities Inc. as the lead manager. The co-managers are Morgan Stanley & Co. Inc., Stone and Youngberg, De La Rosa & Co., Fidelity Capital Markets Inc., Loop Capital Markets LLC and Ramirez & Co. Inc.

The bonds are due 2010 to 2029 with term bonds due 2034 and 2039.

Proceeds will be used to refund the authority's series 1998 certificates and 2008A notes.

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