Washington State plans $764.66 million general obligation bond sale

By Sheri Kasprzak

New York, Oct. 7 – The State of Washington is scheduled to price $764.66 million of series 2014 general obligation refunding bonds on Oct. 15, according to a preliminary official statement.

The deal includes $526.06 million of series R-2015C various purpose G.O. refunding bonds and $238.6 million of series R-2015D motor vehicle fuel tax G.O. refunding bonds.

The bonds (Aa1/AA+/AA+) will be sold on a competitive basis with Piper Jaffray & Co. and Montague DeRose and Associates LLC as the financial advisers.

The R-2015C bonds are due 2015 to 2024 and 2027 to 2031. The R-2015D bonds are due 2015 to 2024 and 2027 to 2031.

Proceeds will be used to refund the state’s series 2005A, 2007C, 2007F, 2008A and 2008C various purpose G.O. bonds and its series R-2005B, 2007D, 2008B and 2008D motor vehicle fuel tax G.O. bonds.

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