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Oklahoma City Water Utilities plans $158.51 million of refunding bonds
By Sheri Kasprzak
New York, Feb. 4 - The Oklahoma City Water Utilities Trust is set to sell $158,505,000 of series 2013 water and sewer system revenue refunding bonds, according to a preliminary official statement.
The bonds (Aa1/AAA/) will be sold on a negotiated basis with Bank of America Merrill Lynch. The co-managers are BOSC Inc., Raymond James/Morgan Keegan and Wells Nelson & Associates.
The bonds are due 2017 to 2042.
Proceeds will be used to refund existing commercial paper notes and to refund the trust's series 2004 and 2008 water and sewer system revenue bonds.
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