Hamilton County, Tenn., to sell $55 million G.O. bonds and BANs March 10

By Cristal Cody

Tupelo, Miss., March 3 - Hamilton County in Tennessee expects to sell $55 million in general obligation bonds and notes through a competitive sale on March 10, according to an official notice of sale.

The $31.5 million series 2009 bonds (Aa1//AA+) have a 6% maximum coupon bidding parameter set.

The bonds have serial maturities from 2010 through 2024.

The $23.5 million series 2009 taxable bond anticipation notes (MIG1//F1+) due March 1, 2010 have a 5% maximum coupon set for bids.

Public Financial Management, Inc. is the financial advisor.

The proceeds will be used to refund outstanding commercial paper bond anticipation notes and to finance public works projects, including roads and water and sewer facilities.

The county seat of Hamilton County is Chattanooga.

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