Wake County, N.C., to sell $158.82 million limited obligation bonds

By Sheri Kasprzak

New York, July 10 - Wake County in North Carolina is set to sell $158.815 million in series 2009A TECO project limited obligation bonds, according to a preliminary official statement.

Citigroup Global Markets Inc. and Merrill Lynch & Co. Inc. are the lead managers for the bonds (Aa1/AA+/AA+).

The bonds are due 2012 to 2029 with term bonds due 2032 and 2036.

Proceeds will be used to expand the Hammond Road Detention Center in Raleigh.

The county seat of Wake County is Raleigh.

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