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Article: Deal in Focus: Arizona Water Refunding Follows 'Elegantly Designed' Model.
- Article from:
- The Bond Buyer
- Article date:
- May 21, 1999
- Author:
CopyrightCOPYRIGHT 1999 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN FRANCISCO -
The Arizona Water Infrastructure Finance Authority has boosted the size of its upcoming revenue refunding bond sale to accommodate a larger amount of debt under a new indenture, which will provide greater flexibility to a popular infrastructure loan program.
The authority, known as WIFA, will increase the size of an upcoming deal to approximately $127 million from $67.7 million. It also delayed the sale for about two weeks to retool the preliminary official statement created for the smaller offering.
The rejiggering comes as the agency puts in place a new indenture for the deal, with an enhanced structure that ...