Pennsylvania coordinates $1 billion sale of general obligation bonds

By Sheri Kasprzak

New York, Jan. 26 – The State of Pennsylvania is slated to price $1 billion of first series of 2015 general obligation bonds, according to a preliminary official statement.

The bonds will be sold on a competitive basis with Public Financial Management Inc. as the financial adviser.

The bonds are due 2016 to 2035.

Proceeds will be used to finance capital projects.

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