Cary, N.C., plans to sell $96.21 million in G.O. bonds on Wednesday

By Sheri Kasprzak

New York, April 23 - The town of Cary in North Carolina plans to sell $96.21 million in series 2009 general obligation public improvement bonds on Wednesday, according to a preliminary official statement.

The bonds will be sold on a competitive basis with Davenport & Co. LLC as the financial adviser.

The sale includes $53million in series 2009A G.O. public improvement bonds and $43.21 million in series 2009B G.O. public improvement refunding bonds.

The 2009A bonds are due 2012 to 2029 and the 2009B bonds are due 2010 to 2020.

The proceeds will be used to construct, acquire and equip street improvements, as well as to refund the town's series 1996, 1998 and 2001 bonds.

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