Montgomery County, Md., to price $387.39 million G.O. bonds Tuesday

By Sheri Kasprzak

New York, Oct. 29 - Montgomery County in Maryland is set to sell $387.385 million in general obligation bonds on Tuesday, according to a preliminary official statement.

The offering includes $78 million in series 2009A tax-exempt consolidated public improvement bonds, $232 million in series 2009B consolidated public improvement bonds and $77.385 million in series 2009C tax-exempt refunding bonds.

The bonds will be sold on a competitive basis with Public Financial Management Inc. as the financial adviser.

The 2009A bonds are due 2010 to 2029 and the 2009B bonds are due 2010 to 2029. The 2009C bonds are due 2010 to 2020.

Proceeds will be used to refinance all or a portion of the county's bond anticipation notes, which were used to fund capital projects.

The county seat of Montgomery County is Rockville, Md.

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