Washington's King County to price $237.27 million G.O. bonds Monday

By Cristal Cody

Springdale, Ark., Jan. 23 - Washington's King County, which includes Seattle, plans to price $237.27 million limited tax general obligation refunding bonds on Monday, a source with the county reported.

The series 2008 bonds will be payable from sewer revenues, according to the preliminary official statement. The bonds have serial maturities from 2009 to 2034.

Proceeds will be used to refund the county's 1998 series B outstanding general obligation bonds.

The lead underwriter is Goldman, Sachs & Co., with Citi, Lehman Brothers, Siebert Brandford Shank & Co. and Wachovia Bank listed as co-managers.

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