Stratford, Conn., readies $161.19 million taxable G.O. bond offering

By Sheri Kasprzak

New York, Oct. 10 - The Town of Stratford, Conn., is set to price $161,185,000 of series 2013 taxable general obligation bonds, said a preliminary official statement.

The bonds (A1/AA/) will be sold on a negotiated basis with Wells Fargo Securities LLC and Raymond James/Morgan Keegan as the lead managers.

The bonds are due 2014 to 2024 with term bonds due in 2030 and 2038.

Proceeds will be used to finance unfunded pension obligations under the town's public employee retirement system.

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