DALLAS - After waiting months for market conditions to improve, Colorado Springs is ready to price its first prepaid gas deal, with a bond issue worth more than $662 million.

"It's been a long process, but we're extremely excited to get this deal done," said Robyn Moore, vice president at George K. Baum & Co., the city's financial adviser. The fixed-rate, tax-exempt revenue bonds will be sold Wednesday, with Merrill Lynch & Co. as senior manager. On Friday, the utility signed agreements with RBC Capital Markets as commodity swap partner.

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