Nashua, N.H., organizes $150 million sale of G.O. corporate acquisition bonds for Tuesday

By Sheri Kasprzak

New York, Jan. 9 - The City of Nashua, N.H., is expected to price $150 million of series 2012 taxable general obligation corporate acquisition bonds on Tuesday, according to a sales calendar.

The bonds (Aa2//AAA) will be sold through senior manager J.P. Morgan Securities LLC.

Proceeds will be used to finance the acquisition of Pennichuck Corp., a publicly traded private sector holding company for the water utility that provides the city with water service.

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