Bexar County, Texas, to sell $125.2 million revenue certificates of obligation

By Sheri Kasprzak

New York, June 16 - Bexar County in Texas intends to price $125.2 million in combination flood control tax and revenue certificates of obligation, according to a calendar of upcoming sales.

No exact pricing date has been set for the bonds (//AA+), said a sellsider familiar with the sale. However, the sale is expected to take place this week.

"We're still waiting on a few things before picking a date," said the sellside source.

The sale includes $70.7 million in series 2008A revenue certificates of obligation and flood control tax bonds and $54.5 million in series 2008B certificates of obligation.

The bonds will be sold on a negotiated basis with Siebert Brandford Shank & Co. as the lead manager for the series 2008A bonds and certificates and Merrill Lynch as the lead manager for the series 2008B certificates.

Proceeds will be used for a 10-year drainage project as well as for tourism projects.

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