Philadelphia plans to sell $1.05 billion of bonds in the next nine months, said Nancy Winkler, the city treasurer.
In May the city plans to sell $150 million in refunding water and wastewater revenue bonds, she said. In June it will sell $400 million in general obligation bonds. Of this $218 million will be new money and the remainder will be refunding, she said.
Also in June the city will sell $200 million in new money water and wastewater revenue bonds.
After the start of the fiscal year on July 1, the Philadelphia Municipal Authority will sell $100 million in refunding bonds in August. If sold in August it would be a current refunding 90 days in advance of a call date, Winkler said. The sales date could change. This would be a refunding of series 2003B bonds.
In January 2014 the Philadelphia Authority for Industrial Development will sell $200 million in new money bonds.
The refunding amounts are estimates, Winkler said.
