Pennsylvania prepares $950 million sale of G.O. bonds for Tuesday

By Sheri Kasprzak

New York, April 12 - The Commonwealth of Pennsylvania plans to price $950 million of first series of 2012 general obligation bonds on Tuesday, according to a preliminary official statement.

The bonds will be sold competitively with Public Financial Management Inc. as the financial adviser.

The bonds are due 2013 to 2032.

Proceeds will be used to construct, acquire and rehabilitate capital facilities, improve sewage treatment systems and maintain and protect environmental projects, including open space and farmland preservation projects.

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