Hawaii to price $208.58 million of harbor system revenue bonds

By Sheri Kasprzak

New York, Nov. 8 - The State of Hawaii is set to sell $208.58 million of series 2010 harbor system revenue bonds, according to a preliminary official statement.

The offering includes $156.76 million of series 2010A non-AMT bonds and $51.82 million of series 2010B AMT bonds.

The bonds will be sold through Bank of America Merrill Lynch. The co-managers are Baird & Co. and Piper Jaffray & Co.

The maturities have not been determined.

Proceeds will be used to finance or refinance the land acquisition, construction and replacement of docks and storage facilities at harbors in Honolulu, Oahu, Hilo and Maui. The remainder will be used to refund the state's series 2000A bonds.

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