Meriden, Conn., organizes $53.8 million G.O. bond offering for Tuesday

By Sheri Kasprzak

New York, Aug. 25 – The City of Meriden, Conn., is scheduled to price $53,799,000 of series 2014 general obligation bonds on Tuesday, said a preliminary official statement.

The deal includes $50,305,000 of series 2014A tax-exempt bonds and $3,494,000 of series 2014B taxable bonds.

The bonds (/AA-/AA-) will be sold on a competitive basis with Phoenix Advisors LLC as the financial adviser.

The 2014A bonds are due 2016 to 2034. The 2014B bonds are due 2016 to 2024.

Proceeds will be used to finance general purpose, school, sewer, water and golf capital projects for the city.

© 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.