Cumberland County Municipal Authority, Pa., to price $65.31 million bonds for Asbury group

By Sheri Kasprzak

New York, Oct. 12 - The Cumberland County Municipal Authority of Pennsylvania is set to price $65.305 million in series 2010 refunding revenue bonds for the Asbury Pennsylvania Obligated Group, according to a preliminary official statement.

The bonds will be sold through Ziegler Capital Markets and Janney Montgomery Scott LLC.

The maturities have not been set.

Proceeds will be used to refund the obligated group's series 2008 variable-rate demand revenue bonds and its series 2006 variable-rate demand revenue refunding bonds, as well as to terminate a swap agreement related to the series 2006 bonds.

The authority, based in Carlisle, Pa., provides funding to nonprofit and corporate projects. The obligated group operates retirement communities.

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