Fort Lauderdale, Fla., plans $164.94 million water, sewer revenue deal

By Sheri Kasprzak

New York, April 11 – The City of Fort Lauderdale, Fla., is set to price $164,935,000 of series 2016 water and sewer revenue and revenue refunding bonds, according to a preliminary official statement. A pricing date has not been scheduled.

The bonds (Aa1/AA+/) will be sold competitively with FirstSouthwest Co. as the financial adviser.

The bonds are due 2016 to 2038.

Proceeds will be used to refund and redeem at par the city’s series 2006, 2008 and 2010 water and sewer revenue bonds.

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