Baltimore County, Md., to sell $362.56 million G.O. bonds Nov. 29

By Sheri Kasprzak

New York, Nov. 20 - Baltimore County, Md., is scheduled to price $362,555,000 of series 2012 general obligation bonds on Nov. 29, according to a preliminary official statement.

The deal includes $16,475,000 of series 2012 Baltimore County Metropolitan District refunding bonds, $93.08 million of series 2012 Baltimore County consolidated public improvement refunding bonds, $60 million of series 2012 Baltimore County Metropolitan District 75th issue bonds and $193 million of Baltimore County consolidated public improvement bonds.

The bonds will be sold competitively with Public Resources Advisory Group as the financial adviser.

The 2012 metropolitan district refunding bonds are due 2013 to 2032, and the consolidated public improvement refunding bonds are due 2013 to 2024. The 75th issue metropolitan district bonds are due 2013 to 2042, and the consolidated public improvement bonds are due 2013 to 2032.

Proceeds will be used to refund the county's series 2002 Metropolitan District revenue bonds and its series 2002 consolidated public improvement bonds, as well as to construct, acquire or purchase sewer, water and drainage systems and to redeem outstanding bond anticipation commercial paper notes.

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