This is not a solicitation; merely some information for those interested in owning a piece of the following new Oro Valley Bond issue.
The Town is issuing taxable bonds to pay for the solar project for town facilities. The town plans to issue $2.45 million in taxable excise tax clean energy renewable bonds. This is a relatively small issue with bonds maturing from 2011 to 2027.
The bonds are S&P rated as AA- ("quality borrowers, a bit higher risk than AAA". Scottsdale is rated AAA.)
Tomorrow is the pricing for these bonds.
The bonds are being underwritten by Stone and Youngberg LLC, a San Francisco based company. So, you can call them if you are interested in purchasing these bonds.
Click here to view the prospectus, which has lots of information about Oro Valley, this bond issue, and the town's finance.
No comments:
Post a Comment