Washington State organizes $228.09 million G.O. offering for Thursday

By Sheri Kasprzak

New York, Oct. 7 - The State of Washington plans to price $228.09 million of series R-2014 general obligation bonds on Thursday, according to a preliminary official statement.

The bonds (Aa1/AA+/AA+) will be sold competitively with Piper Jaffray & Co. and Montague De Rose & Associates LLC.

The offering includes $120.15 million of series R-2014A various purpose G.O. refunding bonds and $107.94 million of series R-2014B motor vehicle tax G.O. refunding bonds.

The R-2014A bonds are due 2014 to 2020. The R-2014B bonds are due 2014 to 2021.

Proceeds will be used to refund the state's series R-2004A and R-2004C various purpose G.O. refunding bonds and refund the series R-2004B and series R-2004D motor vehicle tax G.O. refunding bonds.

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