Tampa, Fla., to sell $128.86 million water and sewer revenue bonds

By Sheri Kasprzak

New York, Aug. 22 - The City of Tampa, Fla., is gearing up to price $128.855 million of series 2011 water and sewer systems improvement and refunding revenue bonds, according to a preliminary official statement.

The bonds (Aa1/AA+/AA+) will be sold on a negotiated basis with Wells Fargo Securities LLC as the senior manager. The co-managers are Bank of America Merrill Lynch, Loop Capital Markets LLC, Morgan Stanley & Co. Inc. and Raymond James & Associates Inc.

The maturities have not been set.

Proceeds will be used to prepay outstanding notes, refund the city's series 2001A water and sewer revenue bonds and fund various sewer capital improvements included in the city's five-year capital improvement program.

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