Lubbock, Texas, plans to price $86.6 million certificates of obligation, G.O. bonds

By Cristal Cody

Springdale, Ark., April 28 - Lubbock, Texas, expects to price $84.5 million certificates of obligation and $2.1 million general obligation bonds on Tuesday, a source told Prospect News.

The series 2008 tax and waterworks system surplus revenue certificates and $2.1 million series 2008 general obligation bonds will price in a negotiated sale.

Morgan Stanley is the senior manager.

Proceeds will be used for street improvements and upgrades to the city's airport, sewer and water system and fire stations.

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