King County, Wash., coordinates $416.24 million sewer bond offering

By Sheri Kasprzak

New York, Jan. 9 – King County, Wash., is set to price $416,235,000 of series 2015 sewer bonds during the week of Jan. 12, according to a preliminary official statement.

The offering includes $228,155,000 of series 2015A sewer revenue refunding bonds (/AA+/) and $188.08 million of series 2015A limited tax general obligation bonds payable from sewer revenues (/AAA/).

The bonds will be sold through senior manager J.P. Morgan Securities LLC with BofA Merrill Lynch and Siebert Brandford Shank & Co. LLC as the co-managers.

The 2015A revenue bonds are due 2016 to 2036 with term bonds due in 2039 and 2044.

The 2015A G.O. bonds are due 2020 to 2036.

Proceeds will be used to refund the county’s series 2007, 2008 and 2009 sewer revenue bonds.

© 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.