Washington State preps $445.625 million sale of G.O.s for Wednesday

By Sheri Kasprzak

New York, Jan. 14 - The State of Washington is gearing up to price $445.625 million of series 2011 general obligation bonds on Wednesday, said a preliminary official statement.

The sale includes $355.125 million of series 2011B various-purpose G.O. bonds and $90.5 million of series 2011T-2 taxable bonds.

The bonds (Aa1/AA+/AA+) will be sold competitively with Montague De Rose & Associates LLC as the financial adviser.

The 2011B bonds are due 2012 to 2036, and the 2011T-2 bonds are due 2012 to 2020.

Proceeds will be used to finance capital projects.

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