East Brunswick, N.J., to sell $50.78 million G.O.s, BANs on March 12

By Sheri Kasprzak

New York, March 5 - The Township of East Brunswick, N.J., is set to price $50,784,000 of series 2013 general obligation bonds and bond anticipation notes on March 12, according to a preliminary official statement.

The deal includes $42,632,000 of series 2013 G.O. bonds and $8,152,000 of series 2013 BANs. The G.O.s include $28.6 million of parking utility G.O.s and $14,032,000 of general improvement G.O.s

The bonds (Aa1) will be sold competitively with Holman Frenia Allison PC as the financial adviser.

The G.O.s are due 2014 to 2033. The notes are due March 21, 2014.

Proceeds will be used to finance repairs and infrastructure improvements to damage sustained from Hurricane Sandy in late October 2012.

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