Wake County, N.C., plans $176.42 million G.O. school loan bond sale

By Cristal Cody

Tupelo, Miss., April 3 - Wake County, N.C., expects to price $176,415,000 of general obligation school loan bonds (Aaa/AAA/AAA) through a competitive sale on Tuesday, according to a preliminary official statement.

The deal includes $51,165,000 of series 2013A G.O. school bonds and $125.25 million of series 2013B G.O. public improvement bonds.

Waters and Co., LLC is the financial advisor.

The series 2013A bonds have serial maturities from 2014 through 2032, and the series 2013B bonds are due 2014 through 2032.

Proceeds will be used to finance the costs to acquire, construct, expand and renovate school facilities in the county.

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