Washington Suburban Sanitary District, Md., to price $198.59 million

By Sheri Kasprzak

New York, April 14 - The Washington Suburban Sanitary District of Maryland plans to price $198,585,000 of series 2014 consolidated public improvement bonds on Tuesday, according to a preliminary official statement.

The deal includes $150 million of series 2014 consolidated public improvement bonds and $48,585,000 of series 2014 consolidated public improvement refunding bonds.

The bonds (Aaa/AAA/AAA) will be sold competitively with Public Advisory Consultants Inc. as the financial adviser.

The 2014 consolidated public improvement bonds are due 2015 to 2044, and the refunding bonds are due 2015 to 2022.

Proceeds will be used to construct or reconstruct water supply facilities, water supply lines and transmission mains, sewage disposal facilities, sewer collection mains and trunk sewers, as well as to refund the district's series 2004 consolidated public improvement bonds.

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