By Cristal Cody
Springdale, Ark., June 24 - Frederick County, Md., priced $79.38 million general obligation public facilities bonds with a 4.418% true interest cost on Tuesday, said John Kroll, director of finance.
The series 2008 bonds priced with 3.5% to 5% coupons in a competitive sale won by Goldman, Sachs & Co.
The bonds (Aa2/AA+/AA+) have serial maturities from 2009 through 2028.
Proceeds will be used to design, renovate and construct public schools, community college buildings, county buildings, county parks, roads, bridges, water facilities and solid waste facilities.
| Issuer: | Frederick County, Md.
|
| Issue: | General obligation public facilities bonds
|
| Amount: | $79.38 million
|
| Type: | Competitive
|
| True interest cost: | 4.418%
|
| Coupons: | 3.5%-5%
|
| Maturities: | 2009 to 2028
|
| Underwriter: | Goldman, Sachs & Co.
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA+
|
| Fitch: AA+
|
| Pricing date: | June 24
|
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