New York Local Government to sell $87.71 million refunding bonds

By Sheri Kasprzak

New York, May 18 - The New York Local Government Assistance Corp. is expected to sell $87.71 million of series 2012A subordinate lien refunding bonds, according to a preliminary official statement. Pricing is expected for Thursday.

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

The bonds are due 2013 to 2025.

Proceeds will be used to redeem the corporation's series 1995C and 1995E bonds.

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