By Sheri Kasprzak
New York, April 13 - Anne Arundel County in Maryland priced recently $144.6 million in series 2009 general obligation bonds, said Rick Drain, the county's controller.
Wachovia Securities Inc. was the winning bidder for the sale. The true interest cost came at 3.7%. The financial adviser was Public Resources Advisory Group.
The sale included $115.4 million series 2009 general improvement bonds and $29.2 million series 2009 water and sewer bonds.
The improvement bonds are due 2010 to 2029 and the water and sewer bonds are due 2010 to 2039.
The proceeds will be used for improvements to county facilities, including water and sewer systems.
The county seat of Anne Arundel County is Annapolis.
| Issuer: | Anne Arundel County
|
| Issue: | Series 2009 general obligation bonds
|
| Amount: | $144.6 million
|
| Type: | Competitive
|
| Maturities: | Series 2009A due 2010 to 2029; series 2009B due 2010 to 2039
|
| TIC: | 3.7%
|
| Underwriter: | Wachovia Securities Inc.
|
| Pricing date: | April 8
|
| Settlement date: | April 20
|
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