Montgomery County, Md., to price $318.19 million of bonds Wednesday

By Sheri Kasprzak

New York, Oct. 5 - Montgomery County of Maryland is slated to price $318.19 million of series 2012 consolidated public improvement bonds on Wednesday, according to a preliminary official statement.

The deal includes $295 million of series 2012A consolidated public improvement bonds and $23.19 million of series 2012B consolidated public improvement refunding bonds.

The 2012A bonds are due 2013 to 2032, and the 2012B bonds are due 2013 to 2016.

The bonds (Aaa/AAA/AAA) will be sold competitively with Public Financial Management Inc. as the financial adviser.

Proceeds will be used to refund commercial paper notes and existing G.O. bonds.

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