District of Columbia to price $54.44 million deed tax revenue bonds

By Sheri Kasprzak

New York, July 29 - The District of Columbia is set to price $54.435 million in series 2010 deed tax revenue bonds, according to a preliminary official statement. Pricing is expected during the week of Aug. 9.

The sale includes $23.935 million in series 2010A bonds, $27.04 million in series 2010B bonds and $3.46 million in series 2010C taxable bonds.

The maturities have not been set.

The bonds (A1//A) will be sold through Rice Financial Products Co. and M.R. Beal & Co. with Cabrera Capital Markets LLC and Prager, Sealy & Co. LLC as the co-managers.

Proceeds will be used to finance the construction of public housing, to fund social services and to provide education and training programs to impoverished areas of the city.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.