Vermont plans to sell $54.32 million G.O. and G.O. refunding bonds

By Sheri Kasprzak

New York, Feb. 18 - The State of Vermont plans to sell $54.315 million in series 2010 general obligation bonds, according to a preliminary official statement.

The sale includes $20 million in series 2010B G.O. bonds, $29.7 million in series 2010C-1 G.O. refunding bonds and $4.615 million in series 2010C-2 G.O. refunding bonds.

Citigroup Global Markets Inc. is the lead manager.

The 2010B bonds are due 2010 to 2019, and the 2010C-1 bonds are due 2011 to 2021. The 2010C-2 bonds are due 2011 to 2019.

Proceeds will be used to refund the state's series 2002 and 2005 bonds.

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