Washington scheduled to price $483.62 million of G.O. refunding bonds

By Sheri Kasprzak

New York, Feb. 9 – The State of Washington is expected to price $483,615,000 of series 2015 general obligation refunding bonds on Tuesday, according to a preliminary official statement.

The offering includes $177,865,000 of series R-2015F motor vehicle fuel tax G.O. refunding bonds, $172.27 million of series R-2015G various purpose G.O. refunding bonds and $133.48 million of series R-2015H motor vehicle fuel tax G.O. refunding bonds.

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

The R-2015F bonds are due 2015 and 2019 to 2033. The R-2015G bonds are due 2015 and 2018 to 2032. The R-2015H bonds are due 2026 to 2031.

Proceeds will be used to refund outstanding debt.

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