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Commonwealth of Puerto Rico to price $250 million G.O. bonds
By Sheri Kasprzak
New York, Aug. 29 - The Commonwealth of Puerto Rico plans to sell $250 million in series 2008A public improvement general obligation bonds, according to a preliminary official statement. The sale is expected within the week.
The bonds will be sold on a negotiated basis with Banc of America Securities LLC, Morgan Stanley & Co. Inc. and UBS Financial Services Puerto Rico as the senior managers.
The co-managers are BBVAPR; Citigroup Global Markets; Depfa First Albany; Eurobank; Goldman, Sachs & Co.; J.P. Morgan Securities Inc.; Lehman Brothers; Loop Capital Markets; Merrill Lynch; Oppenheimer & Co.; Popular Securities; RBC Capital Markets; Samuel A. Ramirez & Co.; Santander Securities; Scotia Capital; and Wachovia Capital Markets.
Proceeds will be used for public improvements.
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