The city of Fresno, Calif., is set to sell $33.1 million of airport revenue refunding bonds, issued on behalf of Fresno Yosemite International Airport.

Raymond James & Associates, Inc. plans to price the deal during the week of July 15. The proceeds will be used to refund approximately $34.5 million of Series 2000A-B bonds. Net present value savings from the refunding is estimated at $3.7 million, or 10.5% of the refunded bonds.

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