$500 Million Industrial Development Revenue Bonds, Series 2019, on Tap
Municipal bond investors will likely be eyeing the potential sale of $500 million worth of revenue bonds, earmarked by Chandler, Arizona’s Industrial Development Authority, to help bolster Intel’s (INTC) chipmaking plants in the state.
The Industrial Development Authority of the City of Chandler, Arizona aims to issue $500 million of industrial revenue bonds, with proceeds pegged for funding the costs of acquisition, construction and installation of certain sewage and wastewater treatment facilities associated with Intel’s local semiconductor manufacturing factories.
Under the terms of a loan