Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers P > Headlines for Philadelphia > News item |
Philadelphia readies $71.17 million sale of water and wastewater bonds
By Sheri Kasprzak
New York, Oct. 15 - The City of Philadelphia plans to price $71.17 million of series 2012 water and wastewater revenue refunding bonds, according to a preliminary official statement.
The bonds (A1/A/A+) will be sold on a negotiated basis with Siebert Brandford Shank & Co. LLC and Ramirez & Co. Inc. as the senior managers. The co-managers are Morgan Stanley & Co. LLC and Wells Fargo Securities LLC.
The bonds are due 2013 to 2014 and 2025 to 2028.
Proceeds will be used to current refund the city's series 2001A-B water and wastewater revenue bonds, as well as to make a deposit to a debt service reserve fund.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.