Prince George's County, Md., arranges $324.07 million sale of G.O.s for Tuesday

By Sheri Kasprzak

New York, Feb. 4 - Prince George's County, Md., is set to sell $324,065,000 of series 2013 consolidated public improvement bonds on Tuesday, according to a preliminary official statement.

The offering includes $137.59 million of series 2013A bonds and $186,475,000 of series 2013B refunding bonds.

The bonds (Aaa/AAA/AAA) will be sold on a competitive basis with Public Advisory Consultants as the financial adviser.

The 2013A bonds are due 2014 to 2033 and the 2013B bonds are due 2014 to 2028.

Proceeds will be used to construct, reconstruct, establish, enlarge, demolish, acquire, rehabilitate and repair capital projects, including school facilities, roads and bridges, public buildings and fire and correctional facilities, as well as to refund the county's series 2005, 2006 and 2007A consolidated public improvement bonds.

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