North Carolina plans to offer $400 million capital improvement bonds

By Sheri Kasprzak

New York, Nov. 7 - The State of North Carolina is scheduled to price $400 million of series 2011C capital improvement limited obligation bonds on Wednesday, said a preliminary official statement.

The bonds (Aa1/AA+/AA+) will be sold on a competitive basis with First Southwest Co. as the financial adviser.

The bonds are due 2013 to 2032.

Proceeds will be used to fund special projects at several of the state's universities and additions to prisons, libraries and related infrastructure.

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