Hawaii to sell $616.54 million in G.O. and G.O. refunding bonds June 9

By Sheri Kasprzak

New York, June 4 - The state of Hawaii is scheduled to price $616.535 million in series 2009 general obligation and general obligation refunding bonds (Aa2) on June 9, according to a preliminary official statement.

The sale includes $400 million in series 2009DQ general obligation bonds and $216.535 million in series 2009DR general obligation refunding bonds.

Citigroup Global Markets Inc. and Merrill Lynch & Co. Inc. are the lead managers.

The 2009DQ bonds are due 2013 to 2029 and the 2009DR bonds are due 2014 to 2019.

Proceeds will be used to reimburse the state for costs related to capital improvements, as well as to refund the state's 1992BZ, 1993CH, 1993CI, 1996CM, 1999CT, 2000CU, 2001CV, 2002CX, 2002CZ, 2003DA, 2003DB, 2004DE and 2005DF bonds.

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