City and County of Denver plans up to $125 million bonds in two parts

By Aaron Hochman-Zimmerman

New York, June 5 - The City and County of Denver will issue up to $125 million in general obligation and refunding bonds (Aa2/AAA/AA+) on Wednesday, according to Margaret Danuser, debt administrator.

The series A G.O. bonds will be sized at $104.5 million, while the series B refunding bonds may be as large as $20.5 million.

RBC Capital Markets Corp. will act as lead underwriter for the negotiated deal. Wachovia Securities LLC, Robert W. Baird & Co. Inc. and Estrada Hinojosa & Co. will act as co-managers.

The bonds are expected to price on Wednesday but will have a retail priority period on Tuesday.

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