Laredo, Texas, to sell $77 million of certificates of obligation Wednesday via Citigroup

By Sheri Kasprzak

New York, Aug. 21 - Laredo, Texas, is set to price $77 million in series 2009 waterworks and sewer system revenue certificates of obligation and tax and revenue certificates of obligation on Wednesday, according to a sales calendar.

The deal includes $52 million in series 2009 tax, waterworks and sewer system revenue certificates and $25 million in series 2009 tax and revenue certificates.

The tax, waterworks and sewer certificates are due 2010 to 2024, and the tax and revenue certificates are due 2010 to 2024.

Citigroup Global Markets Inc. will be the senior manager for the bonds (A1/AA/AA).

Proceeds will be used to fund capital projects.

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