Rand sets June 2 sale date for $93.57 million revenue bonds

By Cristal Cody

Springdale, Ark., May 22 - Rand Corp. pushed back the sale date of $93.565 million revenue bonds to June 2, a source connected to the deal said Thursday.

The series 2008B bonds (Aaa/AAA/) will price through the California Infrastructure & Economic Development Bank with an initial weekly interest rate.

The bonds had been expected to price on Thursday.

Banc of America Securities LLC is the manager of the negotiated sale.

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