Seattle schedules $126.54 million G.O., refunding bonds for Wednesday

By Sheri Kasprzak

New York, April 27 - The City of Seattle, Wash., is set to price $126.54 million of series 2012 general obligation and refunding bonds on Wednesday, said a notice of sale.

The deal includes $76.67 million of series 2012 limited tax general obligation improvement and refunding bonds (Aa1/AAA/AA+) and $49.87 million of series 2012 unlimited tax G.O. refunding bonds (Aaa/AAA/AAA).

The bonds will be sold on a competitive basis with Seattle-Northwest Co. as the financial adviser.

The 2012 limited tax bonds are due 2012 to 2032 and the 2012 unlimited tax bonds are due 2012 to 2021.

Proceeds will be used to fund capital projects and refund existing G.O. debt.

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