Frederick County, Md., intends to price $95.5 million special obligation bonds Thursday

By Sheri Kasprzak

New York, Sept. 10 - Frederick County in Maryland is expected to price its previously announced $95.5 million in series 2010 special obligation bonds on Thursday, according to a sales calendar.

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

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

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

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

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