Wayne County Building Authority, Mich., offers $200 million G.O. bonds

By Cristal Cody

Tupelo, Miss., Dec. 9 - The Wayne County Building Authority in Michigan plans to sell $200 million of series 2010 general obligation jail facilities building authority bonds, according to a preliminary official statement.

The bonds (A3/A-/A-) will price through a negotiated sale.

J.P. Morgan Securities LLC is the senior manager, and co-managers are Siebert Brandford Shank & Co., LLC and Wells Fargo Securities LLC.

Proceeds will be used to pay for new county criminal justice and jail facilities.

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