Waterbury, Conn., plans to price $320 million taxable general obligation pension bonds,

By Cristal Cody

Springdale, Ark., May 22 - Waterbury, Conn., expects to price $320 million taxable general obligation pension bonds on June 2, the issuer said Thursday.

The series 2008 bonds (Aaa//AAA) have serial maturities from 2009 through 2021 and a term bond in 2037.

The bonds are insured by Assured Guaranty Corp.

William Blair & Co. will manage the negotiated sale, said John Jedrzejczyk, finance director.

Proceeds will be used to finance a portion of the city's unfunded past pension benefit obligations for municipal employees.

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