Tampa Bay, Fla., to price $76.17 million utility system revenue bonds

By Sheri Kasprzak

New York, Jan. 28 - Tampa Bay Water of Florida is set to sell $76.17 million of series 2013 utility system revenue bonds, according to a preliminary official statement. Pricing is expected during the week of Jan. 28.

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., Morgan Stanley & Co. LLC and Raymond James/Morgan Keegan.

The bonds are due 2032 to 2033 with a term bond due in 2038.

Proceeds will be used to repair the utility's C.W. Bill Young Regional Reservoir in Hillsborough County, Fla.

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