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Cleveland set to sell $159.23 million in airport system revenue bonds
By Sheri Kasprzak
New York, July 31 - The city of Cleveland plans to price $159.23 million in series 2009C airport system revenue bonds, according to a preliminary official statement.
The bonds (Aa2/AAA/AA) will be sold through senior managers Siebert Brandford Shank & Co. LLC and Wells Fargo Securities Inc. The co-managers include Goldman, Sachs & Co., KeyBanc Capital Markets Inc., Merrill Lynch & Co. Inc., Morgan Stanley & Co. Inc., PNC Capital Markets LLC, Rice Financial Products Co., and SBK-Brooks Investment Corp.
The maturities have not yet been set.
Proceeds will be used to refund the airport's outstanding series 2008A, 2008B and 2008C revenue bonds.
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