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Dallas to sell $255.71 million G.O. bonds
By Sheri Kasprzak
New York, Oct. 31 - The city of Dallas is expected to price $255.71 million in series 2008 general obligation bonds for Dallas, Denton, Rockwall and Collin counties, according to a preliminary official statement.
The bonds (Aa1/AA+/) will be sold on a negotiated basis with Goldman, Sachs & Co. as the lead manager.
The co-managers are Walton Johnson & Co.; Morgan Stanley & Co. Inc.; J.P. Morgan Securities Inc.; RBC Capital Markets; Southwest Securities; and Siebert Brandford Shank & Co.
The sale includes $214.67 million in series 2008 G.O. bonds, $35.54 million in equipment acquisition contractual obligations and $5.5 million in combination tax and revenue certificates of obligation.
No maturity dates have been set for the sale.
The offering is expected to price in November.
Proceeds will be used for public improvement projects throughout the city.
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