Montgomery County, Md., plans to price $320.37 million G.O. bond deal

By Sheri Kasprzak

New York, Nov. 12 - Montgomery County, Md., plans to offer up $320,365,000 of series 2013 general obligation bonds on Wednesday, according to a notice of sale.

The offering includes $295 million of series 2013A consolidated public improvement G.O. bonds and $25,365,000 of series 2013B consolidated public improvement G.O. refunding bonds.

The bonds (Aaa/AAA/AAA) will be sold competitively with Public Resources Advisory Group as the financial adviser.

The 2013A bonds are due 2014 to 2033. The 2013B bonds are due 2023 to 2024.

Proceeds will be used to refinance all or a portion of some of the county's bond anticipation notes, which were initially issued to finance capital projects.

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