Wake County, N.C., to sell $502.37 million bonds March 17

By Cristal Cody

Tupelo, Miss., March 10 - Wake County in North Carolina expects to sell $502.365 million in general obligation and refunding bonds through a competitive sale on March 17, according to notices of sale.

The $135 million series 2009A general obligation public improvement bonds have serial maturities from 2012 through 2026.

The $300 million series 2009B general obligation public improvement bonds have serial maturities from 2010 through 2025.

The $67.365 million series 2009C general obligation refunding bonds have serial maturities from 2010 through 2015.

Waters and Co., LLC is the financial advisor for the series 2009C bonds.

The proceeds will be used to fund construction, expansion and renovations of public school, library and community college facilities, to refinance $300 million in series 2008 general obligation bond anticipation notes and to refund the series 1998 general obligation public improvement bonds with serial maturities from 2010 through 2015.

The county seat of Wake County is Raleigh.

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