Monmouth County, N.J., to sell $97.8 million of G.O. bonds Wednesday

By Sheri Kasprzak

New York, June 18 - Monmouth County, N.J., is set to price $97.8 million of series 2012 general obligation bonds on Wednesday, according to a preliminary official statement.

The deal includes $77 million of series 2012 general improvement bonds, $5 million of series 2012 open space bonds, $6.3 million of series 2012 reclamation center utility bonds, $1 million of series 2012 county vocational school bonds, $4.25 million of series 2012 county college bonds and $4.25 million of series 2012 county college bonds.

The general improvement bonds are due 2013 to 2027, and the open space bonds are due 2013 to 2027. The reclamation center utility bonds are due 2013 to 2027, and the county vocational bonds are due 2013 to 2022. The 2012 county college bonds are due 2013 to 2022.

The bonds will be sold competitively with Public Resources Advisory Group LLC as the financial adviser.

Proceeds will be used to finance general capital improvements within the county, as well as county college, reclamation center, utility and county vocational school improvements.

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