State of Washington to sell $703.27 million G.O. refunding bonds

By Cristal Cody

Tupelo, Miss., Aug. 2 -The state of Washington plans to price $703.27 million of general obligation refunding bonds (Aa1/AA+/AA+), according to a preliminary official statement.

The offering includes $338,725,000 of series R-2013A various purpose G.O. refunding bonds and $364,545,000 of series R-2013B motor vehicle fuel tax G.O. refunding bonds.

The tranches have a maturity in January 2013 and have serial maturities from 2016 through 2030.

The bonds will price through a competitive sale on Aug. 7.

Montague DeRose and Associates, LLC and Seattle-Northwest Securities Corp. are the financial advisers.

Proceeds will be used to refund outstanding G.O. bonds.

© 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.