Georgia set to sell $700 million in general obligation bonds, BABs

By Sheri Kasprzak

New York, Oct. 27 - The state of Georgia plans to price $700 million in series 2009 general obligation bonds, according to a preliminary official statement.

The sale includes $85.48 million in series 2009F bonds, $114.52 million in series 2009G bonds, $400 million in series 2009H Build America Bonds and $100 million in series 2009I G.O. refunding bonds.

The bonds will be sold through senior manager Goldman, Sachs & Co. The co-managers include Citigroup Global Markets Inc.; Merrill Lynch & Co.; Morgan Keegan & Co. Inc.; Barclays Capital Inc.; Jackson Securities Inc.; Jefferies & Co. Inc.; J.P. Morgan Securities Inc.; Morgan Stanley & Co. Inc.; Stern, Agee & Leach Inc.; and Wells Fargo Securities Inc.

The 2009F bonds are due 2010 to 2014, and the 2009G bonds are due 2010 to 2029. The 2009H bonds are due 2010 to 2029, and the 2009I bonds are due 2010 to 2023.

Proceeds will be used to retire existing debt and to fund capital projects.

© 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.