Washington state coordinates $717.1 million offering of G.O. bonds

By Sheri Kasprzak

New York, Jan. 15 - The State of Washington is set to price $717.1 million of series 2014 general obligation bonds on Jan. 22, according to a preliminary official statement.

The deal includes $355,075,000 of series 2014D various purpose G.O. bonds, $273,915,000 of series 2014E motor vehicle fuel tax G.O. bonds and $88.11 million of series 2014T-2 taxable G.O. bonds.

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

The 2014D bonds are due 2022 to 2039. The 2014E bonds are due 2015 to 2039. The 2014T-2 bonds are due 2015 to 2022.

Proceeds will be used to finance state capital projects and state highway projects.

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