Maryland Economic Development plans to price $258.55 million revenue bonds Jan. 7

By Sheri Kasprzak

New York, Dec. 30 - The Maryland Economic Development Corp. is set to sell $258.55 million in series 2010 economic development revenue bonds on Jan. 7, according to an offering calendar.

The deal 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 include Citigroup Global Markets Inc. and BMO Markets Inc.

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

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