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Pittsburg Redevelopment Successor Agency, Calif., to sell $70 million
By Sheri Kasprzak
New York, June 11 – The Successor Agency to the Pittsburg Redevelopment Agency of California is set to price $70 million of series 2014 tax allocation refunding bonds for the Los Medanos Community Development project, according to a preliminary official statement.
The bonds (/A/A) will be sold on a negotiated basis with Stifel, Nicolaus & Co. and Stinson Securities LLC as the senior managers.
The bonds are due 2014 to 2029.
Proceeds will be used to refund the agency’s series 1999 and 2003 tax allocation bonds.
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