Metro, Ore., prepares $169.08 million sale of G.O. bonds for May 23

By Sheri Kasprzak

New York, May 15 - The City of Metro, Ore., plans to price $169,075,000 of series 2012 general obligation bonds on May 23, said a preliminary official statement.

The deal includes $140 million of series 2012A general obligation bonds and $29,075,000 of series 2012B G.O. refunding bonds.

The bonds (Aaa/AAA/) will be sold competitively with Seattle-Northwest Securities Corp.

The 2012A bonds are due 2013 to 2028, and the 2012B bonds are due 2013 to 2015.

Proceeds will be used to finance capital costs for the city and refinance outstanding G.O. bonds, including the city's series 2002 G.O. bonds.

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