The Long Island Power Authority plans to sell up to $250 million of bonds this week with a one-day retail order period beginning tomorrow followed by institutional pricing. It plans to do a combination of new money and refunding, but chief financial officer Elizabeth McCarthy said the final mix had not yet been determined.

"To the extent we do refunding it would be to address some of the remaining insured variable-rate bonds," she said.

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.