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Published on 2/14/2008 in the Prospect News Municipals Daily.

Fairfield, Conn., to price $51.115 million in refunding bonds

By Sheri Kasprzak

New York, Feb. 14 - Fairfield, Conn., plans to price $51.115 million in series 2008 refunding bonds, a preliminary official statement said Thursday.

The pricing date was not immediately available.

The bonds will be sold on a negotiated basis through lead manager William Blair.

The bonds will have a serial structure from 2010 to 2023, the official statement said.

The deal is expected to settle March 4.

The proceeds will refund the city's 2003A and 2003B bonds. The 2003A bonds have a serial structure from 2011 to 2023 with coupons from 3.25% to 4.5%, priced at par. The 2003B bonds have a serial structure from 2009 to 2016 with coupons from 2.75% to 3.75%, also priced at par.


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