King County, Wash., preps $54.85 million general obligation bond sale

By Sheri Kasprzak

New York, Sept. 14 – King County, Wash., is set to price $54,845,000 of series 2015 limited tax general obligation bonds on Sept. 21, according to a preliminary official statement.

The bonds (Aa1/AAA/AA+) will be sold competitively with Piper Jaffray & Co. as the financial adviser.

The deal includes $28,645,000 of series 2015B tax-exempt bonds and $26.2 million of series 2015C taxable bonds.

The 2015B bonds are due 2016 to 2030. The 2015C bonds are due 2016 to 2028.

Proceeds will be used to acquire open space, purchase real estate, finance technology projects and fund energy conservation programs for the county, as well as to refund existing debt.

© 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.