Washington preps $863.79 million G.O. bond offering in three tranches

By Cristal Cody

Tupelo, Miss., Aug. 5 - The State of Washington plans to be in the market with $863.79 million of general obligation bonds (Aa1/AA+/AA+) via a competitive sale on Wednesday, according to a preliminary official statement.

The deal includes $532.94 million of series 2014A various purpose G.O. bonds, $275,125,000 of series 2014B motor vehicle fuel tax G.O. bonds and $55,725,000 of series 2014T taxable G.O. bonds.

The series 2014A and series 2014B bonds have serial maturities from 2017 through 2038. The series 2014C bonds are due 2014 though 2017.

Montague DeRose and Associates, LLC and Piper Jaffray & Co. are the financial advisers.

Proceeds will be used to fund various capital projects and state programs.

© 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.