Gwinnett County Water and Sewerage Authority, Ga., to price $271.78 million revenue bonds Oct. 7

By Sheri Kasprzak

New York, Sept. 18 - The Gwinnett County Water and Sewerage Authority in Georgia is expected to price $271.775 million in series 2009 revenue bonds, according to a preliminary official statement. The pricing is expected to occur Oct. 7.

The offering includes $247.82 million in series 2009A revenue bonds and $23.955 million in series 2009B taxable revenue Build America Bonds.

The 2009A bonds are due 2010 to 2028, and the 2009B bonds are due 2028 to 2029.

The bonds will be sold on a competitive basis with Public Financial Management Inc. as the financial adviser.

Proceeds will be used to fund improvements and extensions to the county's water and sewer system, as well as to refund the authority's series 2004 bonds.

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