Maryland Economic Development to sell $164.08 million of lease revenue bonds Wednesday

By Sheri Kasprzak

New York, Nov. 14 - The Maryland Economic Development Corp. plans to sell $164.075 million of series 2011 lease revenue bonds for the Maryland Public Health Laboratory projects on Wednesday, said a preliminary official statement.

The bonds (Aa1/AA+/) will be sold on a competitive basis with Wye River Group Inc. as the financial adviser.

The bonds are due 2014 to 2031.

Proceeds will be used to construct and equip the Maryland Public Health Laboratory, an 88-acre science and technology lab at Johns Hopkins Medical Center.

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