Tampa Bay Water, Fla., readies $133.38 million of utility system bonds

By Sheri Kasprzak

New York, Jan. 5 – Tampa Bay Water of Florida is expected to price $133.38 million of series 2016 utility system refunding revenue bonds, according to a preliminary official statement.

The deal includes $100,615,000 of series 2016A bonds and $32,765,000 of series 2016B taxable bonds.

The bonds will be sold through Raymond James/Morgan Keegan. The co-managers are BofA Merrill Lynch, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities LLC.

The 2016A bonds are due 2016 to 2038 and the 2016B bonds are due 2016 to 2031.

Proceeds will be used to refund the authority’s series 2008 and 2011B utility system revenue bonds.

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