Atlanta coordinates $568.74 million sale of water, wastewater bonds

By Sheri Kasprzak

New York, Aug. 19 - The City of Atlanta plans to price $568,735,000 of series 2013 water and wastewater revenue refunding bonds, according to a preliminary official statement.

The deal includes $328,735,000 of series 2013A bonds and $240 million of series 2013B bonds.

The bonds (Aa3/A+/A+) will be sold on a negotiated basis. Wells Fargo Securities LLC is the senior manager for the 2013A bonds with Barclays, SunTrust Robinson Humphrey, BofA Merrill Lynch, Rice Financial Products Co., Stifel, Nicolaus & Co. and Ramirez & Co. as the co-managers for the 2013A bonds. The senior manager for the 2013B bonds is Goldman, Sachs & Co. with Morgan Stanley & Co. LLC, Siebert Brandford Shank & Co. LLC, Raymond James/Morgan Keegan, Jefferies & Co., Sterne, Agee & Leach Inc., CastleOak Securities LP and First Commonwealth Securities as the co-managers.

The 2013A bonds are due 2013 to 2017 with a term bond due in 2038. The maturities for the 2013B bonds have not been set.

Proceeds will be used to refund the city's series 1999A, 2001A and 2004 water and wastewater revenue bonds.

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