Durham County, N.C., preps $64.97 million sale of G.O. refunding bonds

By Sheri Kasprzak

New York, March 29 - Durham County, N.C., plans to price $64,965,000 of series 2012 general obligation refunding bonds, according to a preliminary official statement.

The bonds (Aaa/AAA/) will be sold on a negotiated basis with Bank of America Merrill Lynch and Rice Financial Products Co. as the senior managers.

The bonds are due 2013 to 2032.

Proceeds will be used to refund the county's series 2002A-B public improvement G.O. bonds and its series 2011 G.O. public improvement bond anticipation notes.

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