Frederick County, Md., to sell $188.73 million in bonds, BABs Jan. 5

By Sheri Kasprzak

New York, Dec. 24 - Frederick County in Maryland is set to price $188.73 million in series 2010 consolidated public improvement bonds on Jan. 5, according to a preliminary official statement.

The bonds (Aa2) will be sold on a competitive basis with Davenport & Co. LLC as the financial adviser.

The deal includes $59.705 million in series 2010A tax-exempt bonds, $90.115 million in series 2010B Build America Bonds and $38.91 million in series 2010C refunding bonds.

The 2010A bonds are due 2011 to 2020 and the 2010B bonds are due 2021 to 2030. The 2010C bonds are due 2016 to 2020.

Proceeds will be used to fund capital improvements.

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