Allegheny County, Pa., to sell $175 million of TRANs Jan. 10

By Sheri Kasprzak

New York, Jan. 3 - Allegheny County of Pennsylvania is scheduled to price $175 million of series 2012 tax and revenue anticipation notes on Jan. 10, according to a notice of sale.

The notes (SP-1+) will be sold on a competitive basis with Public Financial Management Inc. as the financial adviser.

The notes are due July 16, 2012.

Proceeds will be used to fund necessary operating expenses for the county ahead of tax and revenue collections.

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