Augusta, Ga., plans $135.29 million sale of water and sewerage refunding and improvement bonds

By Sheri Kasprzak

New York, Oct. 15 - The Consolidated Government of Augusta, Ga., is set to sell $135.29 million of series 2012 water and sewerage revenue refunding and improvement bonds on Tuesday, according to a sales calendar.

The bonds (A1) will be sold competitively.

Proceeds will be used to finance water and sewerage capital projects and refund a portion of the system's series 2002 bonds for a net present value savings equal to 16.8% of refunded principal with no extension of maturity.

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