Allegheny County, Pa., to sell $169 million G.O. and refunding bonds

By Sheri Kasprzak

New York, Sept. 21 - Allegheny County, Pa., is scheduled to come to market with $169 million of series C general obligation and refunding bonds, according to a preliminary official statement.

The deal includes $54 million of series C-69 G.O. refunding bonds and $115 million of series C-70 G.O. bonds.

The bonds (A1/A+/) will be sold on a negotiated basis with PNC Capital Markets LLC as the bookrunner and RBC Capital Markets LLC as the co-senior manager. The co-managers are Boenning & Scattergood Inc., Janney Montgomery Scott LLC and Loop Capital Markets LLC.

The maturities have not been set.

Proceeds will be used to current refund the county's series C-55 G.O. refunding bonds, its series C-69 adjustable-rate G.O. bonds and the Allegheny County Industrial Development Authority's series 2002A-B guaranteed revenue bonds.

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