Maryland Economic Development plans $199.33 million bond sale Oct. 17

By Sheri Kasprzak

New York, Oct. 5 - The Maryland Economic Development Corp. plans to sell $199,325,000 of series 2012 taxable lease revenue refunding bonds for the Maryland Aviation Administration Facilities, said a preliminary official statement. The sale is scheduled for Oct. 17.

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

The bonds are due 2013 to 2030.

Proceeds will be used to refund the corporation's series 2003 lease revenue bonds issued for the Maryland Aviation Administration Facilities.

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