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State of Washington to sell $703.27 million G.O. refunding bonds
By Cristal Cody
Tupelo, Miss., Aug. 2 -The state of Washington plans to price $703.27 million of general obligation refunding bonds (Aa1/AA+/AA+), according to a preliminary official statement.
The offering includes $338,725,000 of series R-2013A various purpose G.O. refunding bonds and $364,545,000 of series R-2013B motor vehicle fuel tax G.O. refunding bonds.
The tranches have a maturity in January 2013 and have serial maturities from 2016 through 2030.
The bonds will price through a competitive sale on Aug. 7.
Montague DeRose and Associates, LLC and Seattle-Northwest Securities Corp. are the financial advisers.
Proceeds will be used to refund outstanding G.O. bonds.
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