Georgia to bring $314.53 million general obligation bonds Monday

By Sheri Kasprzak

New York, May 1 - The state of Georgia is set to price its previously announced $314.53 million in series 2009 general obligation bonds Monday, according to a calendar of upcoming bond offerings.

Merrill Lynch & Co. Inc. is the senior manager for the negotiated deal.

The co-managers are Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Morgan Keegan & Co. Inc., Jackson Securities Inc., Raymond James & Associates Inc., SunTrust Robinson Humphrey and Wachovia Bank.

The sale includes $9.5 million in series 2009C bonds, which are due 2010 to 2014, and $305.03 million in series 2009D bonds, which are due 2010 to 2029.

Proceeds will be used to acquire and improve lands, highways, structures, equipment or facilities, as well as repay existing debt.

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