Dallas prepares $164.36 million waterworks and sewer revenue bond deal

By Sheri Kasprzak

New York, Aug. 19 - The City of Dallas plans to price $164,355,000 of series 2013 waterworks and sewer system revenue refunding bonds during the week of Aug. 19, according to a preliminary official statement.

The bonds (Aa1/AAA/) will be sold through senior managers BofA Merrill Lynch and Cabrera Capital Markets LLC. The co-managers are J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, M.R. Beal & Co. LLC, Raymond James/Morgan Keegan, RBC Capital Markets LLC, Siebert Brandford Shank & Co. LLC and Southwest Securities Inc.

The bonds are due 2014 to 2033.

Proceeds will be used together with other funds to refund $175 million of the city's outstanding commercial paper.

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