Maryland's Howard County to price $111.595 million public improvement, metropolitan district bonds

By Sheri Kasprzak

New York, Jan. 29 - Howard County in Maryland is planning to price $111.525 million in public improvement and metropolitan district bonds.

A source familiar with the competitive offering said the bonds will price in early February with an expected pricing date of Feb. 12.

Moody's Investors Service rated the general obligation bonds Aaa on Tuesday.

The bonds include $107.5 million in consolidated public improvement bonds series 2008A and $4.1 million in metropolitan district bonds series 2008A.

Proceeds from the public improvement bonds will repay $107.5 million of the county's consolidated public improvement commercial paper bond anticipation notes series D and proceeds from the metropolitan district bonds will be used for various water and sewer capital projects.

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