County of Hawaii to sell $50 million G.O. bonds

By Sheri Kasprzak

New York, Nov. 19 - The county of Hawaii in Hawaii is gearing up to price $50 million in series 2008A general obligation bonds, according to a preliminary official statement.

The bonds (A1/A+/A+) will be sold on a negotiated basis with Merrill Lynch & Co. as the senior manager.

The bonds are due 2010 to 2028.

Proceeds will be used for capital improvement projects, including the Waikoloa Workforce Housing Project, West Hawaii Civic Center, Kaloko Housing Program, county building programs and traffic mitigation programs.

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