Seattle to sell $226.3 million of drainage and wastewater bonds June 6

By Sheri Kasprzak

New York, May 29 - The City of Seattle is set to price $226.3 million of series 2012 drainage and wastewater improvement and refunding bonds on June 6, according to a preliminary official statement.

The bonds will be sold competitively with Seattle-Northwest Securities Inc. as the financial adviser.

The bonds are due 2012 to 2042.

Proceeds will be used to finance various drainage and wastewater projects and, depending upon market conditions, refund outstanding drainage and wastewater obligations.

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