Washington to price $129.46 million of COPs on Feb. 26, Feb. 27

By Sheri Kasprzak

New York, Feb. 15 - The State of Washington plans to price $129,455,000 of series 2013 certificates of participation on Feb. 26 and Feb. 27, according to a preliminary official statement.

The deal includes $63,525,000 of series 2013A certificates, $26,385,000 of series 2013B refunding COPs and $39,545,000 of series 2013C taxable COPs.

The certificates will be sold on a competitive basis with SDM Advisors, Inc. as the financial adviser.

The 2013A COPs will be sold on Feb. 26, and the 2013B-C COPs will be sold Feb. 27.

The 2013A certificates are due 2014 to 2028. The 2013B COPs are due 2014 to 2024, and the 2013C COPs are due 2014 to 2020.

Proceeds will be used to acquire properties for certain state and local governments, as well as to refund existing COPs.

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