Charleston, S.C., public works to sell $83.45 million bonds March 11

By Cristal Cody

Tupelo, Miss., March 3 - Charleston, S.C., expects to sell $83.45 million in refunding revenue bonds for the Commissioner of Public Works on March 11, a source with the issuer said Tuesday.

The series 2009 waterworks and sewer system bonds have serial maturities from 2010 through 2024, according to a preliminary official statement.

Banc of America Securities LLC is the senior manager of the negotiated sale. The co-managers are Morgan Keegan & Co., Inc. and Jackson Securities, LLC.

The proceeds will be used to refund a portion of the city's outstanding series 1998 refunding and capital improvement revenue bonds with serial maturities from 2010 through 2024.

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