Polk County, Iowa, plans $110.68 million sale of G.O. and refunding bonds July 9

By Sheri Kasprzak

New York, July 2 - Polk County of Iowa is scheduled to come to market July 9 with $110,675,000 of series 2012 general obligation and G.O. refunding bonds, according to a preliminary official statement.

The offering includes $37.96 million of series 2012A G.O. bonds and $72,715,000 of series 2012C G.O. refunding bonds.

The bonds (Aaa/AAA/) will be sold competitively with Piper Jaffray & Co. as the financial adviser.

The 2012A bonds are due 2013 to 2032, and the 2012C bonds are due 2015 to 2026.

Proceeds will be used finance county infrastructure and equipment acquisition projects to fund housing grants, complete the Rock Creek Sewer project and refund the county's series 2006A-D G.O. bonds.

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