Waterford, Conn., to sell $65.35 million G.O. bonds, BANs Tuesday

By Sheri Kasprzak

New York, Aug. 1 - The Town of Waterford, Conn., is slated to sell $65.35 million of series 2011 general obligation bonds and G.O. bond anticipation notes on Tuesday, according to a notice of sale.

The offering includes $14 million of series 2011 G.O. bonds and $51.35 million of series 2011 G.O. bond anticipation notes.

The bonds (Aa2/AA/) and notes (MIG1/SP-1+/) will be sold competitively with FirstSouthwest Co. as the financial adviser.

The bonds are due 2012 to 2030, and the notes are due March 20, 2012.

Proceeds will be used to retire the town's bond anticipation notes that mature on Aug. 11, 2011.

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