Las Vegas Valley Water District plans $365.38 million bond offering

By Sheri Kasprzak

New York, Jan. 22 - The Las Vegas Valley Water District is gearing up to price a $365.38 million offering of general obligation bonds (Aa1) in a competitive deal, according to a preliminary offering statement released Tuesday.

The district will price $192.595 million series 2008A improvement and refunding bonds and $172.785 million series 2008B refunding bonds on Jan. 29, the statement said.

The 2008A bonds have a serial structure from 2009 through 2038 and the series 2008B bonds have a serial structure from 2009 through 2026.

Proceeds from the bonds will be used to refund an issue of 1998 bonds.

NSB Public Finance, Public Financial Management and Hobbs, Ong and Associates are the financial advisors.

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