The San Jose Redevelopment Agency this week successfully sold $37.2 million of tax-exempt bonds that found no buyers as taxable debt in late October.

The agency decided to restructure the deal after it got no bids on a $30.2 million of taxable tax-allocation bonds on Oct. 28. San Jose was able to restructure the deal by changing the project list on the financing. Technically, this week’s deal was a different bond issue, but it did free up funds for the original taxable projects.

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.