Wisconsin plans $366.4 million offering of taxable bonds for March 18

By Sheri Kasprzak

New York, March 14 - Wisconsin intends to price $366.4 million in taxable general fund appropriation refunding bonds on Tuesday, a calendar released Friday said.

The offering is part of a deal totaling $965 million.

The bonds (/A+/) are pricing Tuesday, a sell-side source said, and will be series 2008A bonds.

The state plans to price $598.8 million in series 2008B taxable floating-rate bonds later in the week, but the pricing date for those bonds could not be confirmed Friday.

Citigroup Global Markets is the lead manager for the negotiated sale.

The 2008A bonds have a serial structure from 2009 to 2013 with a term bond due 2025.

Proceed from the bonds will be used to refund the fund's series 2003B general fund annual appropriation bonds, which are auction-rate securities.

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