El Paso plans $87.43 million sale of series 2012A water and sewer bonds

By Sheri Kasprzak

New York, Nov. 28 - The City of El Paso, Texas, is set to price $87.43 million of series 2012A water and sewer revenue refunding and improvement bonds, according to a preliminary official statement.

The bonds (/AA/AA+) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the senior manager and Siebert Brandford Shank & Co. LLC and Southwest Securities Inc. as the co-managers.

The bonds are due 2013 to 2033.

Proceeds will be used to refund the city's series 2003B, 2004 and 2004A revenue bonds and to refund a portion of the city's water and sewer system commercial paper notes, as well as to finance capital improvements to the system.

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