Union County, N.C., plans $139.99 million sale of G.O. refunding bonds

By Sheri Kasprzak

New York, Feb. 21 - Union County, N.C., is set to price $139,995,000 of series 2013 general obligation refunding bonds, according to a preliminary official statement.

The deal includes $62.62 million of series 2013A bonds and $77,375,000 of series 2013B bonds.

The bonds (Aa1/AA/AA+) will be sold on a negotiated basis with Baird & Co. as the senior manager. The co-managers are George K. Baum & Co., US Bancorp Inc. and Wells Fargo Securities LLC.

The 2013A bonds are due 2014 to 2029, and the 2013B bonds are due 2014 to 2031.

Proceeds will be used to refund the county's series 2004A-B and 2007A-C variable-rate G.O. bonds and 2007D and 2009A-B G.O. public school refunding bonds.

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