By Cristal Cody
Tupelo, Miss., April 29 - Wake County, N.C., priced $421.72 million of general obligation refunding bonds on Thursday, two days after the sale was postponed, according to a market source.
Citigroup Global Markets Inc. was the winning bidder in the competitive sale, the source said.
Additional pricing terms were not immediately available.
The bonds originally were scheduled to price on Wednesday but were postponed after ratings downgrades of Greece and Portugal rallied Treasuries.
The series 2010C bonds (Aaa/AAA/AAA) bonds have serial maturities from 2013 through 2026.
Waters and Co. LLC was the financial adviser.
Proceeds will be used to refund the county's series 2003A-B, 2004, 2005, 2007 and 2009A bonds.
| Issuer: | Wake County, N.C.
|
| Issue: | Series 2010C G.O. refunding bonds
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| Amount: | $421.72 million
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| Maturities: | 2013-2026
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| Manager: | Citigroup Global Markets Inc.
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| Type: | Competitive
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| Pricing date: | April 29
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| Ratings: | Moody's: Aaa
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| Standard & Poor's: AAA
|
| Fitch: AAA
|
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