Garland, Texas, plans $85.8 million of electric system revenue debt

By Sheri Kasprzak

New York, June 2 - The City of Garland, Texas, is set to price $85,795,000 of series 2014 electric utility system revenue refunding bonds on Wednesday, said a preliminary official statement.

The bonds (/A+/AA-) will be sold on a negotiated basis with Barclays as the senior manager and Wells Fargo Securities LLC and RBC Capital Markets LLC as the co-managers.

The bonds are due 2015 to 2034.

Proceeds will be used to refund a portion of the city's outstanding commercial paper notes.

© 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.