Frederick, Md., to price $122.56 million G.O bonds and notes

By Cristal Cody

Tupelo, Miss., March 9 -The city of Frederick in Maryland plans to price $122.56 million in general obligation public improvement bonds and notes, according to a preliminary official statement.

The $96.9 million series 2009A bonds have serial maturities from 2011 through 2034.

The $12.01 million series 2009B bonds have serial maturities from 2010 through 2029 and the $13.65 million series 2009 public improvements notes are due in 2013.

Merrill Lynch & Co. is the senior manager of the negotiated sale.

The co-managers are M&T Securities, Inc.; Wachovia Bank, NA; RBC Capital Markets Corp.; and BB&T Capital Markets.

The proceeds will be used to acquire, construct or renovate water and sewer facilities and public buildings and to acquire property for the Frederick Municipal Airport.

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