Howard County, Md., plans to price $109.55 million G.O. bonds Tuesday

By Sheri Kasprzak

New York, Feb. 22 - Howard County in Maryland is set to sell $109.55 million in series 2010 consolidated public improvement general obligation bonds on Tuesday, according to a notice of sale.

The offering includes $25.71 million in series 2010A tax-exempt bonds, $12.59 million in series 2010B taxable bonds, $65.725 million in series 2010C bonds and $5.525 million in series 2010A tax-exempt metropolitan district bonds.

The bonds (Aaa/AAA/AAA) will be sold competitively.

The 2010A tax-exempt bonds are due 2011 to 2016, and the 2010B taxable bonds are due 2011 to 2016. The 2010C bonds are due 2018 to 2030. The 2010A metropolitan district bonds are due 2011 to 2015.

Proceeds will be used to make principle payments on existing notes and reimburse the county for costs related to certain capital projects.

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