Metropolitan District of Hartford, Conn., preps $138.1 million sale of G.O. bonds for Thursday

By Sheri Kasprzak

New York, June 18 - The Metropolitan District of Hartford, Conn., is set to price $138.1 million in series 2010 general obligation bonds on Thursday, according to a notice of sale.

The bonds will be sold competitively with First Southwest Co. as the financial adviser.

The offering includes $91.9 million in series 2010A bonds and $46.2 million in series 2010B bonds.

The 2010A bonds are due 2011 to 2035, and the 2010B bonds are due 2011 to 2040.

Proceeds will be used to finance water and sewer system improvements, clean water initiatives and combined funding projects.

The district operates as a quasi-municipal corporation to provide water and sewer services and sewage collection and disposal services to its member municipalities - Hartford, East Hartford, West Hartford, Rocky Hill, Newington, Wethersfield and Windsor.

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