Fort Lauderdale, Fla., to sell $115.75 million water and sewer bonds

By Sheri Kasprzak

New York, Nov. 17 – The City of Fort Lauderdale, Fla., is expected to price $115.75 million of series 2014 water and sewer revenue refunding bonds on Tuesday, according to a preliminary official statement.

The bonds (Aa1/AA+/) will be sold on a competitive basis with First Southwest Co. Inc. as the financial adviser.

The bonds are due 2019 to 2035.

Proceeds will be used to refund and redeem the city’s series 2006 water and sewer revenue bonds.

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