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Hollywood, Fla., set to sell $52.04 million in revenue bonds, BABs
By Sheri Kasprzak
New York, Jan. 11 - The city of Hollywood, Fla., is expected to price $52.035 million in series 2010 water and sewer improvement revenue bonds, according to a preliminary official statement.
The sale includes $21.715 million in series 2010A revenue bonds and $30.32 million in series 2010B Build America Bonds.
The bonds (A1//A-) will be sold on a negotiated basis with Bank of America Merrill Lynch as the lead manager. The co-manager is RBC Capital Markets Corp.
The maturities have not been set.
Proceeds will be used to fund improvements to the city's water and sewer system.
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