Tampa Bay Water, Fla., offers $103.74 million refunding revenue bonds

By Sheri Kasprzak

New York, Oct. 19 - Tampa Bay Water of Florida is set to price $103.74 million in series 2011 utility system refunding revenue bonds, according to a preliminary official statement.

The bonds (Aa2/AA+/AA+) will be sold on a negotiated basis with Bank of America Merrill Lynch as the senior manager. The co-managers are Citigroup Global Markets Inc. and Raymond James & Associates Inc.

The bonds are due 2012 to 2021.

Proceeds will be used to refund Tampa Bay Water's series 2001A utility system refunding and improvement revenue bonds.

Based in Tampa, Fla., Tampa Bay Water is a regional water utility.

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