Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Michigan Finance Authority > News item |
Michigan Finance prepares $128.66 million water supply revenue bonds
By Sheri Kasprzak
New York, Nov. 13 – The Michigan Finance Authority is expected to price $128,655,000 of series 2015D local government loan program water supply system revenue bonds for the Detroit Water and Sewerage Department on Tuesday, according to a preliminary official statement.
The offering includes $89,895,000 of series 2015D-1 bonds and $38.76 million of series 2015D-2 bonds.
The 2015D-1 bonds are due 2016 to 2034 and the 2015D-2 bonds are due in 2034.
Citigroup Global Markets Inc. is the senior manager with Barclays, J.P. Morgan Securities LLC, BofA Merrill Lynch, PNC Capital Markets LLC, Loop Capital Markets LLC and Piper Jaffray & Co.
Proceeds will be used to purchase obligations held by the Detroit Water and Sewerage Department.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.