Anne Arundel County, Md., arranges $285.13 million G.O. bond offering

By Sheri Kasprzak

New York, March 21 – Anne Arundel County, Md., is expected to price $285.13 million of series 2016 general obligation bonds on March 30, according to a preliminary official statement.

The deal includes $95.31 million of series 2016 consolidated general improvement bonds, $44.47 million of series 2016 consolidated water and sewer bonds, $70,845,000 of series 2016 consolidated general improvement refunding bonds and $74,505,000 of series 2016 consolidated water and sewer refunding bonds.

The general improvement bonds are due 2016 to 2045 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 2035.

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

Proceeds will be used to finance capital improvements throughout the county, including water and sewer system improvements, as well as to refund existing G.O. bonds.

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