Fulton County Development Authority, Ga., to sell $74.94 million bonds

By Sheri Kasprzak

New York, March 20 - The Fulton County Development Authority plans to price $74.94 million of series 2014 Georgia Tech facilities refunding revenue bonds, according to a preliminary official statement.

The offering includes $55,735,000 of series 2014A bonds and $19,205,000 of series 2014B taxable bonds.

The bonds (Aa3/AA-/) will be sold on a negotiated basis with BofA Merrill Lynch as the senior manager.

The 2014A bonds are due 2015 to 2034 with term bonds due in 2036 and 2041. The 2014B bonds are due 2015 to 2029 with a term bond due in 2036.

Proceeds will be used to refund the authority's series 2004 revenue bonds.

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