Palm Beach County, Fla., to sell $71.89 million water and sewer bonds

By Sheri Kasprzak

New York, June 29 - Palm Beach County in Florida plans to price $71.89 million series 2009 water and sewer revenue bonds, according to a preliminary official statement.

The bonds (Aaa/AAA/AAA) will be sold through senior manager Wachovia Bank, NA. The co-managers were Citigroup Global Markets Inc., Janney Montgomery Scott LLC, Jackson Securities Inc. and Merrill Lynch & Co. Inc.

The bonds are due 2011 to 2024 with term bonds due 2032, 2039 and 2040.

Proceeds will be used to construct, expand, acquire and extend the county's water and sewer system.

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