Wake County, N.C., may sell $354.5 million G.O. bonds Oct. 22

By Sheri Kasprzak

New York, Oct. 14 - Wake County in North Carolina might be pricing a portion of its previously announced $424.365 million general obligation bonds on Oct. 22, said a source close to the deal.

The county may price $354.5 million in series 2008A general obligation public improvement bonds (//F1+) on Oct. 22.

The bonds will be sold on a competitive basis with Waters and Co. as the financial adviser.

The 2008A bonds are due from 2016 to 2026.

The county also expects to price $69.865 million in series 2008B general obligation refunding bonds, but no pricing date has been set for that offering.

Proceeds will be used to refund the county's series 1998 public improvement bonds and to finance the acquisition, construction, expansion and renovation of library, school and community college facilities.

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