By Aaron Hochman-Zimmerman
New York, June 2 - Harford County, Md., priced $145.99 million in series 2009 consolidated public improvement and refunding bonds, according to Les Guthorn, Public Advisory Consultants' managing director.
The $120 million series 2009 consolidated public improvement bonds were won by Citigroup Global Markets Inc. over five other bidders with a true interest cost of 3.7478463%. The bonds carry maturities from 2010 to 2029.
The $25.99 million series 2009 refunding bonds were won by Robert W. Baird & Co. Inc. over four other bidders with a true interest cost of 2.3011376%. The bonds carry maturities from 2010 to 2020.
Proceeds will be used to fund capital improvement projects, including county general improvements and water and sewer improvements, and to refund series 1996, 1997 and 1999 general obligation bonds.
Public Advisory Consultants acted as financial adviser to the deal.
| Issuer: | Harford County, Md.
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| Total amount: | $145.99 million
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| Pricing date: | June 2
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| Public improvement bonds
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| Issue: | Series 2009 consolidated public improvement bonds
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| Amount: | $120 million
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| Maturities: | 2010 to 2029
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| True interest cost: | 3.7478463%
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| Underwriter: | Citigroup Global Markets Inc.
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|
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| Refunding bonds
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| Issue: | Refunding bonds
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| Amount: | $25.99 million
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| Maturities: | 2010 to 2020
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| True interest cost: | 2.3011376%
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| Underwriter: | Robert W. Baird & Co. Inc.
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