Clark County, Nev., to price $120.39 million transportation G.O. refunding bonds Wednesday

By Sheri Kasprzak

New York, Nov. 16 - Clark County in Nevada is scheduled to price $120.39 million in series 2009 transportation general obligation refunding bonds on Wednesday, according to a notice of sale.

The offering includes $107.565 million in series 2009A bonds and $12.825 million in series 2009B-3 bonds.

The bonds (Aa1/AA+/) will be sold on a competitive basis with Hobbs, Ong & Associates and Public Financial Management Inc. as the financial advisers.

The 2009A bonds are due 2010 to 2029. The 2009B bonds are due 2010 to 2019.

Proceeds will be used to refund a portion of the county's series 1998A and 1998B transportation G.O. bonds, as well as to refund a portion of the county's commercial paper notes.

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