Leander, Texas, to sell $69.52 million G.O. bonds and certificates

By Sheri Kasprzak

New York, Nov. 28 - The City of Leander, Texas, is set to price $69.515 million of series 2012 general obligation bonds and combination tax and revenue certificates of obligation, according to a preliminary official statement. Pricing is expected during the week of Nov. 28.

The deal includes $34.14 million of series 2012 G.O. bonds and $35.375 million of series 2012 combination tax and revenue certificates of obligation.

The bonds (Aa3/A+/) will be sold on a negotiated basis with BOSC Inc. as the senior manager. The co-managers are Morgan Keegan & Co. Inc., Raymond James & Associates Inc., Coastal Securities Inc. and Southwest Securities Inc.

The G.O. bonds are due 2012 to 2027, and the certificates of obligation are due 2012 to 2036.

Proceeds will be used to refund a portion of the outstanding ad valorem tax-supported obligations of the city.

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