Fulton County, Ga., to sell $82.16 million in bonds for Georgia Tech

By Sheri Kasprzak

New York, July 9 - The Development Authority of Fulton County in Georgia plans to price $82.16 million in series 2009 refunding revenue bonds for Georgia Tech, said a preliminary official statement. The deal is set to price Thursday.

The sale includes $37.035 million in series 2009A bonds and $45.125 million in series 2009B bonds.

The bonds (Aa3/AA-/) will be sold through lead manager Merrill Lynch & Co. Inc.

The 2009A bonds are due 2017 to 2029 with term bonds due 2034 and 2040. The 2009B bonds are due 2010 to 2029 with term bonds due 2032.

Proceeds will be used to refund Georgia Tech's outstanding series 2008A and 2008B bonds, as well as terminate interest rate swaps associated with the refunded bonds.

The university is based in Atlanta.

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