DALLAS — Arizona expects to raise $300 million for its general fund today by mortgaging state office buildings, prisons, and other property in its second issue of certificates of participation this year.

Senior manager Morgan Stanley will take retail orders first with co-managers Barclays Capital, Citi, Stone & Youngberg, and Wells Fargo Securities. RBC Capital Markets is the state’s financial adviser,  Squire, Sanders & Dempsey is bond counsel, and Greenberg Traurig is underwriters’ counsel.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.