Philadelphia Redevelopment Authority preps $93.02 million bond sale

By Sheri Kasprzak

New York, April 23 - The Philadelphia Redevelopment Authority is set to price $93.02 million of series 2012 revenue refunding bonds during the week of April 23, according to a sales calendar.

The bonds (A2//A-) will be sold through senior manager Citigroup Global Markets Inc.

Proceeds will be used to refund outstanding bonds for cost savings with no extension of maturity dates.

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