Seattle organizes $146.13 million drainage and wastewater debt

By Sheri Kasprzak

New York, June 10 – The City of Seattle is slated to price $146,125,000 of series 2014 drainage and wastewater improvement and refunding revenue bonds on June 17, said a preliminary official statement.

The bonds (Aa1/AA+/) will be sold on a competitive basis with Piper Jaffray & Co. as the financial adviser.

The bonds are due 2015 to 2044.

Proceeds will be used to finance drainage and wastewater projects, as well as to refund existing debt.

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