A California Redevelopment Agency was able to sell refunding bonds Thursday, even after recent reports revived the specter of dissolution of the state’s RDAs.

Southwest Securities priced $22.1 million of tax allocation refunding bonds for the Successor Agency to the Upland Community Redevelopment Agency, rated A by Standard & Poor’s. The bonds were insured by Assured Guaranty Municipal Corp. with a AA-minus rating.

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