Grand Rapids, Mich., to price $65.74 million sewer system revenue bonds

By Cristal Cody

Springdale, Ark., July 16 - Grand Rapids, Mich., plans to price $65.74 million sanitary sewer system improvement revenue bonds, according to a preliminary official statement released Wednesday.

The series 2008 bonds (Aa2/AA+/) have serial maturities from 2010 through 2028 and term maturities in 2033 and 2038.

Citigroup Global Markets is the senior manager of the negotiated sale. Robert W. Baird & Co. and Siebert Brandford Shank & Co. are co-managers.

Proceeds will be used to defray a portion of the cost of improvements to the sewer system.

Additional information was not available.

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