Anne Arundel County, Md., arranges $383.7 million G.O. bond offering

By Sheri Kasprzak

New York, March 23 – Anne Arundel County, Md., is set to price $383,695,000 of series 2015 general obligation bonds on Tuesday, said a preliminary official statement.

The offering includes $191.4 million of series 2015 consolidated general improvement bonds, $77.6 million of series 2015 consolidated water and sewer bonds, $62.8 million of series 2015 consolidated general improvement refunding bonds, $35,755,000 of series 2015 consolidated water and sewer refunding bonds and $16.14 million of series 2015 consolidated golf course project bonds.

The bonds will be sold competitively with Public Resources Advisory Group as the financial adviser.

The general improvement bonds are due 2016 to 2035, and the water and sewer bonds are due 2016 to 2045. The general improvement refunding bonds are due 2016 to 2027, and the water and sewer refunding bonds are due 2016 to 2036. The golf course bonds are due 2016 to 2028.

Proceeds will be used to finance general countywide improvements, including police, fire, watershed, storm drains and other public facilities, as well as to refund certain general improvement, water and sewer and golf course project bonds.

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