By Aaron Hochman-Zimmerman
New York, July 14 - The Vermont Municipal Bond Bank priced $90.44 million in new money and refunding bonds, according to executive director Robert Giroux.
Many of the details of the sale were not yet available.
Citigroup Global Markets Inc. acted as underwriter for the negotiated bonds.
Proceeds from the $64.75 million series 2009-1 bonds will be used by 22 municipalities for projects ranging from a new septic system to a fire truck.
The $25.69 million series 2009-2 refunding bonds will be used to retire outstanding debt.
The Vermont Municipal Bond Bank is located in Montpelier, Vt.
Issuer: Vermont Municipal Bond Bank
Issue: Series 2009 bonds
| Amount: | $90.44 million
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Type: | Negotiated
|
| Pricing date: | July 14
|
|
|
| Series 2009-1 bonds
|
| Amount: | $64.75 million
|
|
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| Series 2009-2 bonds
|
| Amount: | $25.69 million
|
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