Anaheim Says $265 Million Bond Deal Terminated by Citigroup
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Citigroup Inc. terminated a deal to purchase $265 million of revenue bonds from Anaheim, California, after opponents sued over plans to expand the city’s convention center, a city spokeswoman said.
Citigroup was the lead underwriter on the bonds offered March 24, according to data compiled by Bloomberg. The bonds were rated AA- by Standard & Poor’s, according to a disclosure document. The deal was set to close May 14.