Guam to sell $283.23 million G.O. bonds via Citigroup, Piper Jaffray

By Sheri Kasprzak

New York, May 21 - Guam is set to sell $283.23 million in series 2009A general obligation bonds, according to a preliminary official statement.

The bonds (/B+/) will be sold on a negotiated basis with Citigroup Global Markets Inc. and Piper Jaffray & Co. as the senior managers.

The bonds are due 2014, 2019 and 2039.

Proceeds will be used to fund a government-incurred settlement, to pay for tax refunds and to make capital improvements to Guam Memorial Hospital.

© 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.