Albuquerque Bernalillo County Water to price $232.18 million bonds

By Sheri Kasprzak

New York, March 10 – The Albuquerque Bernalillo County Water Utility Authority of New Mexico is expected to price $232,175,000 of series 2015 senior lien joint water and sewer system refunding and improvement revenue bonds, according to a preliminary official statement.

The bonds (Aa2/AA+/AA) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the senior manager. The co-managers are Baird & Co., Stifel, Nicolaus & Co. and Piper Jaffray & Co.

The bonds are due 2015 to 2034.

Proceeds will be used to finance capital improvements to the authority’s water and sewer projects and to refund its series 2007, 2008A and 2009A-1 revenue bonds.

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