Washington, D.C., to price $524.7 million multimodal G.O. refunding bonds

By Cristal Cody

Springdale, Ark., May 15 - Washington, D.C., plans to price $524.695 million multimodal general obligation refunding bonds, according to a preliminary official statement.

The $60 million series 2008A, $125.775 million series 2008B, $224.3 million series 2008C and $114.62 million series 2008D bonds will price with a weekly interest rate.

The series 2008A, B and D bonds are due June 1, 2034. The series 2008C bonds are due June 1, 2027.

Banc of America Securities LLC will manage the negotiated sale of the series 2008A and B bonds. Morgan Stanley is the underwriter for the series 2008C bonds, and Wachovia Securities will manage the series 2008D bonds.

Proceeds will be used to refund $75.7 million series 2002A1 bonds; $73.8 million series 2002A2 bonds; $112.225 million series 2002B1 bonds; $112.075 million series 2002B2 bonds; $50 million series 2004C1 bonds; $48.15 million series 2004C2 bonds and $49.075 million series 2004C3 bonds.

Calls for additional information were not immediately returned.

© 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.