Denver to sell $85 million airport system revenue bonds Monday

By Sheri Kasprzak

New York, June 26 - The City and County of Denver intends to sell $85 million in series 2008B airport system revenue bonds on Monday, said a sellside source familiar with the deal.

The bonds (Aaa/VMIG1//AA+) will be sold on a negotiated basis with Wachovia Bank as the senior manager.

The bonds initially bear interest at the weekly rate and may be converted to the daily, monthly, semiannual, term, fixed, flexible or auction-rate modes.

Proceeds will be used to refund the airport system's outstanding bonds.

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