Greenwich, Conn., organizes $56.5 million sale of G.O. bonds and BANs

By Sheri Kasprzak

New York, Jan. 17 - The Town of Greenwich of Connecticut is expected to come to market Wednesday with $56.5 million of series 2012 general obligation bonds and G.O. bond anticipation notes, according to a preliminary official statement.

The deal includes $16.5 million of series 2012 G.O. bonds and $40 million of G.O. bond anticipation notes.

The bonds and notes will be sold competitively with Independent Bond and Investment Consultants LLC as the financial adviser.

The G.O. bonds are due 2013 to 2032. The BANs are due Jan. 24, 2013.

Proceeds will be used to fund capital improvements within the town, as well as to refund a portion of the town's G.O. bond anticipation notes.

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