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Winston-Salem, N.C., plans $121.22 million water and sewer bonds
By Sheri Kasprzak
New York, Oct. 18 - The City of Winston-Salem, N.C., plans to bring to market $121.215 million in series 2010 water and sewer system revenue bonds, according to a preliminary official statement.
The offering comprises $27.935 million in series 2010A tax-exempt revenue bonds, $42.485 million in series 2010B taxable bonds, $37 million in series 2010C taxable bonds and $13.795 million in series 2010D revenue refunding bonds.
The bonds (Aa1) will be sold through Citigroup Global Markets Inc. with BB&T Capital Markets and Loop Capital Markets LLC.
The 2010A bonds are due 2014 to 2023, and the 2010B bonds are due 2030 and 2040. The 2010C bonds are due 2040, and the 2010D bonds are due 2011 to 2021.
Proceeds will be used to fund capital improvements to the city's water and sewer system, as well as to refund its series 2002A and 2005 bonds.
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