Wichita, Kan., intends to price $192.2 million G.O. bonds and notes

By Cristal Cody

Tupelo, Miss., Aug. 5 - The City of Wichita, Kan., intends to sell $192.2 million in general obligation bonds and notes, according to an official notice of sale.

The offering includes $22.315 million in series 2010A sales tax refunding bonds, $29.885 million in series 2010B refunding bonds and $140 million in series 240 G.O. improvement temporary notes.

The series 2010A bonds have serial maturities from 2012 though 2019, and the series 2010B bonds have serial maturities from 2011 through 2018. The series 240 notes are due Sept. 15, 2011.

The bonds and notes will price through a competitive sale on Aug. 17.

Springsted Inc. is the financial adviser.

Proceeds will be used to pay the principal of and redemption premium on the city's outstanding series 2004 G.O. sales tax bonds that mature on or after April 1, 2012; to refund the outstanding series 768, 770, 772, 773 and 774 bonds; and to provide temporary financing for improvements to the water system aquifer storage and recovery project.

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