Fort Worth, Texas, preps $139.64 million sale of general purpose refunding and improvement bonds

By Sheri Kasprzak

New York, Aug. 14 - The City of Fort Worth, Texas, is set to sell $139,635,000 of series 2012 general purpose refunding and improvement bonds, according to a preliminary official statement.

The bonds (Aa1//AA+) will be sold on a negotiated basis with Loop Capital Markets LLC as the senior manager and Wells Fargo Securities LLC, RBC Capital Markets LLC, Baird & Co. and BOSC Inc. as the co-managers.

The bonds are due 2013 to 2032.

Proceeds will be used to construct permanent street and storm sewer improvements, as well as to refund the city's series 2008 general purpose bonds and series 2008 combination revenue and tax certificates of obligation.

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