Denver to sell $120M in bonds for

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Funds raised in the bond sale also will go toward a new exhibiyt atthe . The bondds carry ratings of AAA, Aa1 and AA+ from Standarcd & Poor’s, Moody’s and Fitch rating agencies, respectively. The bondxs will be sold by RBCCapital Markets, Wachoviaw Securities, Robert W. Baird and Estrada Hinojosa & Co. Series 2009A bonds will provids new funding forBetter Denver, which includeas the renovation and expansion of the Boettchetr Concert Hall, a new recreation center at Stapleton, a new Humab Services building on the city’s east side and a new animapl shelter.
Bond proceeds also will be used to reimburs e draws onthe city’s commercial paper which provided short-term financing for shovel-readg Better Denver projects, officials . The Series 2009A bonds will also be used to fund the new Asiab Tropics exhibit at theDenver Zoo, whicb will house the zoo’s elephants, rhinosx and other Asian Bonds for that project were authorizedr 10 years ago. The Series 2009B Bondes will refund bonds issued in 2000 to finance projects at the and Denvetr Zoo in order to reduce interestg costs by an estimated totalof $775,0000 over the life of the bonds.