Tacoma, Wash., to bring $98.11 million offering sewer revenue bonds

By Sheri Kasprzak

New York, Feb. 5 – The City of Tacoma, Wash., is set to price $98.11 million of series 2015 sewer revenue and refunding bonds, according to a preliminary official statement.

The bonds (Aa2/AA+/AA+) will be sold on a negotiated basis with J.P. Morgan Securities LLC and Siebert Brandford Shank & Co. LLC as the senior managers.

The bonds are due 2016 to 2036 with term bonds due in 2040 and 2045.

Proceeds will be used to finance capital improvements to the sewer system, as well as to refund a portion of the city’s series 2006 sewer bonds for debt service savings.

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