Moore Bonds Ahead

Moore County is expected to competitively sell $43.5 million of general obligation bonds on Tuesday.

The deal includes $29.5 million of Series A GOs maturing between one and 20 years that will fund community college facilities, and $14 million of Series B bonds maturing between one and nine years that will refund bonds sold in 1998.

Ratings for the deal were not available yesterday. Moody's Investors Service and Standard & Poor's last May upgraded the county to double-A minus. Raleigh-based Davenport and Co. will serve as financial adviser. Womble Carlyle Sandridge & Rice PLLC is bond counsel.

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