El Paso, Texas, to price $58.12 million certificates Monday

By Sheri Kasprzak

New York, Jan. 23 - El Paso, Texas, plans to sell its previously announced $58.115 million in series 2009 certificates of obligation on Monday, according to a sales calendar.

The bonds (/AA/AA-) will be sold through lead manager Southwest Securities Inc. The co-managers are Banc of America Securities LLC and Citigroup Global Markets Inc.

The bonds are due 2010 to 2034.

Proceeds will be used to construct and improve roads, sidewalks and related facilities, as well as to install flood control and drainage facilities and renovate city administrative buildings. The rest will be used to purchase equipment.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.