By Paulo Trevisani
The Atlanta Development Authority plans to issue $200 million in municipal bonds to fund the Centennial Yards downtown development project.
The issue will be split into the $55 million in Series 2024A-1 senior revenue bonds, and $145 million in Series 2024A-2 senior revenue bonds, with maturities starting in 2029. Details about maturities, coupons and yields weren’t available in a preliminary official statement posted Monday on MuniOS.
The project includes the redevelopment of approximately 50 acres of land in downtown Atlanta, known as the Gulch, into a pedestrian-friendly area with residential, retail and commercial space to be marketed as Centennial Yards.
J.P. Morgan Securities is the lead underwriter.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
(END) Dow Jones Newswires
08-05-24 1717ET