Tacoma, Wash., readies $79.1 million sale of water bonds for April 23

By Sheri Kasprzak

New York, April 15 - The City of Tacoma, Wash., plans to price $79,095,000 of series 2013 water system revenue and refunding bonds on April 23, according to a preliminary official statement.

The bonds (Aa2/AA/) will be sold competitively with A. Dashen & Associates and SDM Advisors Inc. as the financial advisers.

The bonds are due 2013 to 2014 and 2041 to 2043.

Proceeds will be used to make capital improvements to the city's water system and to refund its series 2003 water system revenue bonds.

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