New York to price $162.46 million G.O. refunding bonds Tuesday

By Cristal Cody

Tupelo, Miss., Sept. 18 - The state of New York intends to price $162.46 million general obligation refunding bonds through a competitive sale on Tuesday, according to a preliminary official statement.

The sale includes $148.745 million series 2008C tax-exempt refunding bonds and $13.715 million series 2008D taxable refunding bonds.

The series 2008C bonds have serial maturities from 2010 through 2032.

The series 2008D bonds are due in 2010 and 2011.

Public Resources Advisory Group is the state's financial adviser.

Proceeds will be used to refund outstanding general obligation bonds, including $39.425 million in series 2001B, $32.225 million series 2001C, $19.975 million series 2001D, $34.85 million series 2002A, $30.975 million series 2002B and $27.6 million series 2002C bonds.

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