San Antonio intends to sell $175 million bonds for water system

By Sheri Kasprzak

New York, Aug. 31 - The City of San Antonio is set to bring to market $175 million of series 2012A water system revenue and refunding bonds, according to a preliminary official statement.

The bonds (Aa1/AA/AA+) will be sold through lead manager Wells Fargo Securities LLC. The co-managers are Loop Capital Markets LLC, Ramirez & Co. Inc., Samco Capital Markets and Siebert Brandford Shank & Co. LLC.

The bonds are due 2013 to 2042.

Proceeds will be used to acquire, purchase, construct, improve, renovate and equip the water system, as well as refund existing commercial paper.

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