Milwaukee County organizes $139.38 million sale of G.O. pension notes

By Sheri Kasprzak

New York, Jan. 18 - Milwaukee County plans to price $139.38 million of series 2013 taxable general obligation pension promissory notes, according to a preliminary official statement.

The bonds (Aa2/AA/AA+) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the senior manager. The co-managers are RBC Capital Markets LLC and Siebert Brandford Shank & Co. LLC.

The bonds are due 2014 to 2028 with a term bond due in 2030.

Proceeds will be used to fund unfunded county employee pensions, as well as to refund the county's series 2009A pension promissory notes.

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