Allegheny County, Pa., readies $279.5 million general obligation bonds

By Sheri Kasprzak

New York, June 17 – Allegheny County, Pa., is expected to price $279.5 million of general obligation bonds during the week of June 20, according to a preliminary official statement.

The deal includes $210 million of series C-75 refunding bonds and $69.5 million of series C-76 G.O. bonds.

The bonds will be sold on a negotiated basis with PNC Capital Markets LLC as the senior manager. The co-managers are Academy Securities Inc., Janney Montgomery Scott LLC, RBC Capital Markets LLC, Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC.

The maturities have not been set.

Proceeds will be used to finance various capital projects and refund G.O. bonds.

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