Winston-Salem, N.C., organizes $50.74 million limited obligation bonds

By Sheri Kasprzak

New York, Sept. 10 – The City of Winston-Salem, N.C., is set to price $50.74 million of series 2014 limited obligation bonds, according to a preliminary official statement.

The deal includes $8,915,000 of series 2014B taxable bonds and $41,825,000 of series 2014C bonds.

The bonds (Aa2/AA+/AA+) will be sold on a negotiated basis with Baird & Co. and BofA Merrill Lynch as the lead managers.

The 2014B bonds are due 2015 to 2034, and the 2014C bonds are due 2015 to 2034.

Proceeds will be used to renovate a former rail station called Union Station into a local and regional bus terminal with office and retail space, as well as to refund the city’s series 2004B certificates.

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