Cleveland to sell $240.61 million of airport system revenue bonds

By Cristal Cody

Prospect News, Feb. 3 - The City of Cleveland, Ohio plans to sells $240,605,000 of series 2012A airport system revenue bonds, according to a preliminary official statement.

Morgan Stanley & Co. LLC and J.P. Morgan Securities Inc. are the bookrunners.

Co-managers are Estradea Hinojosa & Co. Inc.; Janney Montgomery Scott LLC; Rice Financial Products Co.; Sterne Agee Group, Inc.; Stifel Nicolaus & Co., Inc. and Wells Fargo Securities LLC.

Proceeds will be used to refund the outstanding series 2000A airport system revenue bonds.

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