Puerto Rico to sell $250 million G.O. bonds Thursday

By Sheri Kasprzak

New York, Sept. 3 - The Commonwealth of Puerto Rico plans to price its previously announced $250 million in general obligation bonds Thursday, according to a calendar of upcoming sales.

The bonds will be sold on a negotiated basis with Banc of America Securities LLC, Morgan Stanley & Co. Inc. and UBS Financial Services Puerto Rico as the senior managers.

The co-managers are BBVAPR; Citigroup Global Markets; Depfa First Albany; Eurobank; Goldman, Sachs & Co.; J.P. Morgan Securities Inc.; Lehman Brothers; Loop Capital Markets; Merrill Lynch; Oppenheimer & Co.; Popular Securities; RBC Capital Markets; Samuel A. Ramirez & Co.; Santander Securities; Scotia Capital; and Wachovia Capital Markets.

Proceeds will be used for public improvements.

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