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Washington coordinates $1.3 billion general obligation bond offering
By Sheri Kasprzak
New York, June 21 – The State of Washington is expected to price $1,301,205,000 of series 2017 general obligation on June 28, according to a preliminary official statement.
The deal includes $392,265,000 of series 2017A various purpose G.O. bonds, $101,345,000 of series 2017T taxable bonds, $535,125,000 of series R-2017A various purpose G.O. refunding bonds and $272.47 million of series R-2017B motor vehicle fuel tax G.O. refunding bonds.
The bonds (Aa1/AA+/AA+) will be sold on a competitive basis with First Southwest Co. as the financial adviser.
The 2017A bonds are due 2024 to 2041, and the 2017T bonds are due 2017 to 2024. The R-2017A bonds are due 2017 and 2019 to 2034, and the R-2017B bonds are due 2017 and 2020 to 2024.
Proceeds will be used to finance state capital projects and refund existing G.O. debt.
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