Wisconsin prepares $132.9 million sale of clean water revenue bonds

By Sheri Kasprzak

New York, July 9 - The State of Wisconsin is set to price $132,905,000 of series 2012 clean water revenue bonds during the week of July 9, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with J.P. Morgan Securities LLC and Ramirez & Co. Inc. as the senior managers. The co-managers are BMO Capital Markets LLC, Cabrera Capital Markets LLC, Citigroup Global Markets Inc., Goldman, Sachs & Co. and Jefferies & Co.

The deal includes $40 million of series 2012-1 clean water revenue bonds and $92,905,000 of series 2012-2 clean water revenue refunding bonds.

The 2012-1 bonds are due 2013 to 2033, and the 2012-2 bonds are due 2015 to 2024.

Proceeds will be used to make pledged loans to municipalities for the construction of improvements to wastewater treatment facilities. The 2012-2 bond proceeds will be used to refund existing debt.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.