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District of Columbia prepares $534.44 million G.O. bonds
By Sheri Kasprzak
New York, May 27 – The District of Columbia is set to price $534,435,000 of series 2015 general obligation bonds, according to a preliminary official statement.
The offering includes $500 million of series 2015A G.O. bonds and $34,435,000 of series 2015B G.O. refunding bonds.
The bonds will be sold through Citigroup Global Markets Inc.
The co-managers are Siebert Brandford Shank & Co. LLC, Wells Fargo Securities LLC, Academy Securities LLC, BofA Merrill Lynch, CastleOak Securities LP, Fidelity Capital Markets, Loop Capital Markets LLC and Stifel, Nicolaus & Co. Inc.
The 2015A bonds are due 2018 to 2035 with a term bond due in 2040. The 2015B bonds are due 2025 to 2027.
Proceeds will be used to finance capital projects and refund the city’s series 2005B G.O. bonds.
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