Vermont to sell $50.5 million G.O. bonds

By Cristal Cody

Tupelo, Miss., Feb. 20 - The state of Vermont intends to price $50.5 million in general obligation bonds on March 3, David Minot, director of finance and investments for the state, said in an interview on Friday.

The series 2009A bonds (Aaa/AA+/AA+) have serial maturities from 2010 though 2029, according to a preliminary official statement.

Citigroup Global Markets Inc. is the senior manager of the negotiated sale. Morgan Stanley & Co. Inc. is the co-manager.

The proceeds will be used for various projects through the state, including for natural resources, agriculture, criminal justice and fire service training councils.

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