Washington State plans $479.61 million G.O.s for April 7

By Sheri Kasprzak

New York, March 30 - The state of Washington is expected to price $479.61million in series 2009 general obligation bonds April 7, according to a preliminary official statement.

The sale includes $441.385 million in series 2009E various-purpose G.O.s and $38.225 million in series 2009F motor vehicle fuel tax G.O.s.

The bonds will be sold on a competitive basis with Seattle-Northwest Securities Corp. and Montague De Rose and Associates LLC as the financial advisers.

The 2009E bonds are due 2010 to 2034 and the 2009F bonds are also due 2010 to 2034.

Proceeds will be used to reimburse the state for various purpose capital expenses, as well as the construction and improvement of local and state roads.

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