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Published on 9/28/2009 in the Prospect News Municipals Daily.

North Carolina to sell $383.28 million in G.O. refunding bonds Oct. 6

By Sheri Kasprzak

New York, Sept. 28 - North Carolina plans to bring to market $383.275 million in series 2009A general obligation refunding bonds on Oct. 6, according to a preliminary official statement.

The bonds (Aaa/AAA/AAA) will be sold on a competitive basis with Davenport & Co. LLC as the financial adviser.

The bonds are due 2010 to 2020.

Proceeds from the sale will be used to refund the state's series 1999 school building bonds, 2001A public improvement bonds, 2003 general obligation highway bonds, 2004 general obligation highway bonds, 2006A general obligation higher education bonds and 2007A public improvement bonds.


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