Cabarrus County, N.C., plans $60.24 million G.O. refunding bond deal

By Sheri Kasprzak

New York, April 17 - Cabarrus County, N.C., is expected to sell $60,235,000 of series 2013 general obligation refunding bonds, according to a preliminary official statement.

The bonds (Aa1/AA+/AA+) will be sold on a negotiated basis with Piper Jaffray & Co. as the senior manager. The co-manager is Southwest Securities Inc.

The bonds are due 2014 and 2016 to 2027.

Proceeds will be used to refund the county's series 2005 and 2006 G.O. bonds.

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