Georgia plans to price $700 million G.O. refunding bonds Monday

By Sheri Kasprzak

New York, Nov. 20 - The state of Georgia plans to price $700 million in series 2009 general obligation bonds on Monday, according to a preliminary official statement.

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

The bonds will be sold on a negotiated basis with Goldman, Sachs & Co. as the senior manager.

The co-managers are Citigroup Global Markets Inc., Merrill Lynch & Co., Morgan Keegan & Co. Inc., Barclays Capital Inc., Jackson Securities Inc., Jefferies & Co., J.P. Morgan Securities Inc., Morgan Stanley & Co., Sterne, 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. The 2009I bonds are due 2010 to 2023.

Proceeds will be used to fund water and sewage facilities, as well as school facilities.

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