Frederick County, Md., to sell $95.5 million special obligation bonds

By Sheri Kasprzak

New York, Sept. 9 - Frederick County in Maryland is set to price $95.5 million in series 2010 special obligation bonds, according to a preliminary official statement.

The offering includes $77.49 million in series 2010A special obligation bonds and $18.01 million in series 2010B subordinate special obligation bonds.

The 2010A bonds are due 2011 to 2025 with term bonds due 2030, 2035 and 2040. The 2010B bonds are due July 1, 2040.

Citigroup Global Markets Inc. is the senior manager for the 2010A bonds and the sole manager for the 2010B bonds. M&T Securities Inc. and RBC Capital Markets Corp. are the co-managers for the 2010B bonds.

Proceeds will be used to acquire, design and construct the Urbana Community Development Authority's planned urban development comprising Urbana Highlands, Villages of Urbana, Urbana Corporate Center and Urbana Town Center Employment District.

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