Pennsylvania set to bring $361.3 million of general obligation bonds

By Cristal Cody

Tupelo, Miss., July 19 - The Commonwealth of Pennsylvania is set to bring $361.3 million of general obligation bonds to market in the week ahead, according to a preliminary official statement.

The series 2012 first refunding bonds have a maturity in January and serial maturities from 2013 through 2023.

The bonds (Aa2//) will price competitively on July 24.

Public Financial Management Inc. is the financial advisor.

Proceeds will be used to refund all or a portion of certain maturities of seven outstanding issues that include second series 2003, first series 2004, second series 2004, fourth series 2004, first series 2005, first series 2007A and first series 2007B general obligation bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.