Washington Suburban Sanitary District readies for $247.04 million bond offering

By Cristal Cody

Tupelo, Miss., April 3 - Washington Suburban Sanitary District expects to price $247,035,000 of bonds (Aaa/AAA/AAA) for Montgomery and Prince George's counties in Maryland competitively on Tuesday, according to a preliminary official statement.

The sale includes $150,000,000 of series 2013 consolidated public improvement bonds due 2014 through 2032 and $97,035,000 of series 2013 consolidated public improvement refunding bonds due 2014 through 2026.

Public Advisory Consultants, Inc. is the financial advisor.

Proceeds will be used to fund the construction or reconstruction of water supply facilities and supply lines and sewage disposal facilities and to refund certain maturities from the series 2003 general construction refunding bonds, series 2003 water supply refunding bonds, series 2003 sewage disposal refunding bonds, series 2006 water supply bonds and series 2006 sewage disposal bonds.

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