Oyster Bay, N.Y., to sell $61.58 million of G.O. bonds Wednesday

By Sheri Kasprzak

New York, Feb. 28 - The Town of Oyster Bay, N.Y., is expected to bring $61.575 million of series 2011 general obligation bonds to market on Wednesday, said a sales calendar.

The bonds (AAA) will be sold competitively with Fiscal Advisors & Marketing Inc. as the financial adviser.

The bonds are due 2012 to 2020.

Proceeds will be used to fund general capital expenditures, including the reconstruction of town buildings; the conservation of parks, beaches and recreation areas; and the construction and maintenance of highways.

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