Cleveland to price $85.9 million in water revenue bonds Wednesday

By Sheri Kasprzak

New York, Feb. 6 - The city of Cleveland is expected to price its previously announced $85.895 million in series 2009T water revenue bonds on Wednesday, according to a calendar of upcoming deals.

The bonds will be issued through lead manager Loop Capital Markets LLC with Merrill Lynch & Co. and Morgan Stanley & Co. Inc. as the co-managers.

The bonds are due 2010 to 2021.

Proceeds will be used to refund the city's series M bonds, which are due for redemption Feb. 27.

© 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.