Manchester, N.H., plans to sell $86.29 million G.O. bonds Dec. 1

By Sheri Kasprzak

New York, Nov. 23 - The City of Manchester, N.H., anticipates bringing to market $86.285 million of general obligation bonds on Dec. 1, according to notices of sale.

The offering includes $16.45 million of series 2010C tax-exempt G.O. public improvement bonds, $4.87 million of series 2010D G.O. Build America Bonds, $29.695 million of series 2010E G.O. recovery zone economic development bonds and $35.27 million of series 2010F tax-exempt G.O. refunding bonds.

The 2010C bonds are due 2011 to 2018, and the 2010D bonds are due 2019 to 2022. The 2010E bonds are due 2023 to 2040, and the 2010F bonds are due 2012 to 2028.

The bonds (Aa1/AA+/AA+) will be sold competitively with Public Financial Management Inc. as the financial adviser.

Proceeds will be used to construct a public safety complex, perform school facility improvements, improve energy efficiency at the city's schools, improve school administrative offices, reconstruct the McIntyre Ski Lodge, make improvements to the city's water distribution system and refund the city's series 2003A bonds.

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