Western Riverside Water, Calif., plans $51.71 million refunding deal

By Sheri Kasprzak

New York, May 29 - The Western Riverside Water and Wastewater Financing Authority of California plans to sell $51.71 million of series 2013A local agency revenue refunding bonds, according to a preliminary official statement.

The deal includes $49.59 million of series 2013A-1 bonds and $2.12 million of series 2013A-2 bonds.

The bonds (/BBB+/) will be sold on a negotiated basis with Stifel, Nicolaus & Co. Inc. and Piper Jaffray & Co. as the senior managers.

The 2013A-1 bonds are due 2014 to 2035. The 2013A-2 bonds are due Sept. 1, 2037.

Proceeds will be used to purchase local obligations and refund existing debt.

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