Corpus Christi, Texas, plans $138.83 million general improvement bonds

By Sheri Kasprzak

New York, Dec. 10 - The City of Corpus Christi, Texas, is set to price $138,825,000 of series 2012 general improvement bonds during the week of Dec. 10, according to a sales calendar.

The offering includes $31.19 million of series 2012C general improvement refunding bonds and $107,635,000 of series 2012 taxable general improvement refunding bonds.

The bonds (Aa2/AA-/AA) will be sold through Raymond James/Morgan Keegan.

Proceeds will be used to refund outstanding debt for a net present value savings of 14.8% for the 2012 taxable bonds and 4.6% for the series 2012C bonds.

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