Guam set to price $86.44 million of hotel occupancy tax revenue bonds

By Sheri Kasprzak

New York, March 18 - The Government of Guam is expected to price $86.435 million of series 2011A hotel occupancy tax revenue bonds, said a preliminary official statement.

The bonds (/BBB+/) will be sold through senior managers Ramirez & Co. Inc. and Piper Jaffray & Co.

The bonds are due 2011 to 2021 with term bonds due 2026, 2031 and 2040.

Proceeds will be used to construct a new Guam Museum and other projects to enhance the government's tourism, as well as to refund existing bonds.

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