State of New York to price $317.08 million G.O. bonds Tuesday

By Sheri Kasprzak

New York, Dec. 2 - The State of New York plans to price $317.075 million of series 2012 general obligation bonds on Tuesday, according to a preliminary official statement.

The deal includes $285.92 million of series 2011E tax-exempt bonds and $31.155 million of series 2011F taxable bonds.

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

The 2011E bonds are due 2012 to 2041, and the 2011F bonds are due 2012 to 2021.

Proceeds will be used to fund capital projects, including clean air and water initiatives and transportation projects.

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