Detroit plans to price $250 million in G.O. bonds week of March 8

By Sheri Kasprzak

New York, March 8 - The city of Detroit is set to price $250 million in series 2010 distributable state aid general obligation bonds during the week of March 8, according to a sales calendar.

The bonds (A1/AA-/) will be priced through senior manager Goldman, Sachs & Co. The co-managers are Bank of America Merrill Lynch, Cabrera Capital Markets LLC, Loop Capital Markets LLC and Siebert Brandford Shank & Co. LLC.

Proceeds will be used to fund a portion of the city's accumulated and projected operating deficit.

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