Maryland Economic Development plans $258.55 million in revenue bonds

By Sheri Kasprzak

New York, Dec. 18 - Maryland Economic Development Corp. plans to bring to market $258.55 million in series 2010 economic development revenue bonds, said a preliminary official statement.

The sale includes $170 million in series 2010A bonds and $88.55 million in series 2010B bonds.

Goldman, Sachs & Co. is the senior manager. The co-managers are Citigroup Global Markets Inc. and BMO Capital Markets Inc.

The maturities have not yet been set.

Proceeds will be used to construct new cargo and machinery buildings, as well as to fund the acquisition and instillation of four cranes at the Seagirt Terminal facilities in Baltimore.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.