San Antonio Selling $250M of Debt for Its 'Exemplary' Utility

Albanese, Elizabeth
May 2003
Bond Buyer;5/13/2003, Vol. 344 Issue 31634, p30
Trade Publication
San Antonio, Texas is planning to sell 250 million dollars of variable-rate junior-lien revenue bonds on May 13, 2003 on behalf of its electric and gas utility to raise money for system improvements and increase the amount of variable-rate exposure in its City Public Services debt portfolio. City Public Services, as San Antonio's city-owned electric and gas utility is known, serves nearly all of Bexar County and parts of seven adjacent counties. Williamson and V. Gary Schaub, CPS' secretary, treasurer, and senior vice president for financial and business service, said the agency had put out a request for proposals for the standby bond purchase agreement.


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