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Honolulu to bring $234.65 million in general obligation bonds, BABs
By Sheri Kasprzak
New York, Oct. 28 - The city of Honolulu is expected to price $234.645 million in series 2009 general obligation bonds, according to a preliminary official statement.
The offering includes $140.285 million in series 2009D G.O. bonds, $50.46 million in series 2009E Build America Bonds and $43.9 million in series 2009F G.O. bonds.
The bonds (//AA) will be sold on a negotiated basis with Merrill Lynch & Co. and Piper Jaffray & Co. as the lead managers.
The 2009D bonds are due 2014 to 2034 and the 2009E bonds are due 2014 to 2034. The 2009F bonds are due 2014 to 2020.
Proceeds will be used to refund the city's series 1993 and 1997 bonds, as well as to fund the expansion of the city's waste-to-energy facility.
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