Vermont Municipal Bond Bank coordinates $71.91 million bond offering

By Sheri Kasprzak

New York, June 27 - The Vermont Municipal Bond Bank plans to price $71.91 million of series 2013 bonds, the issuer disclosed in a preliminary official statement.

The deal includes $53,055,000 of series 2013-1 bonds and $18,855,000 of series 2013-2 refunding bonds.

The bonds (Aa2/AA+/) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the sole underwriter.

The 2013-1 bonds are due 2014 to 2033 with term bonds due in 2038 and 2043. The 2013-2 bonds are due 2014 to 2025.

Proceeds will be used to refund existing bond bank 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.