El Paso, Texas, coordinates $130.36 million certificates, G.O.s deal

By Sheri Kasprzak

New York, July 25 – The City of El Paso, Texas, is expected to price $130.36 million of series 2014 certificates of obligation and general obligation refunding bonds during the week of July 28, according to a preliminary official statement.

The deal includes $71,825,000 of series 2014 combination tax and revenue certificates of obligation and $58,535,000 of series 2014A general obligation refunding bonds.

The bonds (/AA/AA) will be sold through senior manager Raymond James/Morgan Keegan with RBC Capital Markets LLC and Wells Fargo Securities LLC as the co-managers.

The certificates are due 2017 to 2040 and the G.O.s are due 2015 to 2031.

Proceeds will be used to finance public works projects, including transit project, as well as to refund the city’s series 2005 certificates and series 2006 G.O. bonds.

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