San Diego Public Facilities to price $442 million bonds Wednesday

By Sheri Kasprzak

New York, May 1 - The Public Facilities Financing Authority of the City of San Diego is set to price $442 million in series 2009A senior sewer revenue bonds (A2/A+/AA-) on Wednesday, according to an offering calendar.

The bonds will be sold through Banc of America Securities LLC.

The co-managers are Citigroup Global Markets Inc., Siebert Brandford Shank & Co. LLC, Fidelity Capital Markets and Wedbush Morgan Securities Inc.

The bonds are due 2010 to 2029 with term bonds due 2034 and 2039.

Proceeds will be used to fund capital improvements to the city's wastewater system.

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