Yonkers, N.Y., preps $105.46 million G.O. bond sale via Sterne, Agee

By Sheri Kasprzak

New York, Dec. 10 - The City of Yonkers, N.Y., plans to price $105.46 million of series 2012 general obligation bonds during the week of Dec. 10, according to a sales calendar.

The deal includes $38,105,000 of series 2012A G.O. refunding bonds (Baa1), $12,095,000 of series 2012B school refunding bonds (A2), $29.91 million of series 2012C G.O. serial bonds (Baa1) and $25.35 million of series 2012D school serial bonds (A2).

The bonds will be sold through Sterne, Agee & Leach.

Proceeds will be used to finance capital projects and refund existing debt.

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