Abilene, Texas, plans to price $65 million certificates of obligation

By Sheri Kasprzak

New York, Oct. 21 - The City of Abilene, Texas, is set to sell $65 million of series 2013 combination tax and surplus revenue certificates of obligation during the week of Oct. 21, according to a preliminary official statement.

The certificates (/AA+/AA+) will be sold on a negotiated basis with Southwest Securities Inc. and Edward D. Jones & Co. LP as the senior managers and RBC Capital Markets LLC and BOSC Inc. as the co-managers.

The certificates are due 2015 to 2039.

Proceeds will be used to make additions and improvements to the city's water and sewer systems.

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