San Antonio plans to sell $241.26 million general improvement bonds

By Sheri Kasprzak

New York, June 7 - The City of San Antonio is set to price $241.26 million in series 2010 general improvement bonds, according to a preliminary official statement.

The offering includes $201.9 million in series 2010B Build America bonds and $39.36 million in series 2010 combination tax and revenue certificates of obligation.

Citigroup Global Markets Inc. is the senior manager. The co-managers include Loop Capital Markets LLC, J.P. Morgan Securities Inc., M.E. Allison & Co. Inc., Southwestern Capital Markets Inc. and Piper Jaffray & Co.

The 2010B bonds are due 2011 to 2030. The 2010 certificates of obligation are due 2019 to 2040.

Proceeds will be used to finance improvements to streets, bridges, sidewalks, drainage systems, parks and recreation facilities, open space and athletics facilities and public health facilities.

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