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Hawaii organizes $800 million general obligation bond sale
By Sheri Kasprzak
New York, Oct. 31 - The State of Hawaii is set to sell $800 million of series 2012 general obligation bonds, according to a preliminary official statement.
The sale includes $374 million of series 2012EE G.O. bonds, $400 million of series 2012EF G.O. refunding bonds and $26 million of series 2012EG taxable G.O. bonds.
The bonds will be sold on a negotiated basis with Bank of America Merrill Lynch and Goldman, Sachs & Co. as the senior managers. The co-managers are J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Piper Jaffray & Co., RBC Capital Markets LLC, Stifel, Nicolaus & Co. Inc. and Wells Fargo Securities LLC.
Proceeds will be used to finance the construction, acquisition, improvement and equipment of public buildings, including elementary and secondary schools, libraries, parks, senior living facilities and other facilities, as well as to refund existing G.O. debt.
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