Georgia preparing to price $974.98 million G.O. bonds Tuesday

By Cristal Cody

Tupelo, Miss., Sept. 29 - The State of Georgia plans to hold a competitive sale of $974.98 million in general obligation bonds through the Georgia State Financial and Investment Commission, according to a preliminary official statement.

The offering includes $68.93 million series 2010A1 refunding bonds; $252.125 million series 2010A2 refunding bonds; $170.165 million series 2010 bonds; $360.4 million series 2010C1 and 2010C2 Build America Bonds; $94.605 million series 2010C3 recovery zone economic development bonds; and $28.755 million series 2010C4 qualified school construction bonds.

The bonds are expected to price via a competitive sale on Tuesday.

Public Resources Advisory Group is the financial adviser.

Proceeds will be used to refund outstanding G.O. bonds and to finance projects for various agencies, schools and departments in the state.

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