Broward County, Fla., plans $179.96 million in water and sewer revenue bonds

By Aaron Hochman-Zimmerman

New York, Jan. 29 - Broward County in Florida announced that it will offer $179.955 million in series 2009A water and sewer revenue bonds (Aa3/AA/AA), according to a preliminary official statement.

Citigroup and Ramirez & Co. will act as underwriters for the negotiated issue.

The bonds will carry serial maturities from 2010 to 2029 and there will be a term bond in 2032.

Proceeds from the sale will be used to fund improvements to the county's water treatment plants.

The Broward County offices are headquartered in Fort Lauderdale, Fla.

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