Maui GO Bond Sale Pushed to Thursday

LOS ANGELES — Because of Hurricane Sandy, Maui County, Hawaii, postponed the competitive sale of $70.1 million in general obligation bonds to Thursday at 1 p.m.

The bonds were originally slated to price on Tuesday.

The deal comes with double-A ratings across the board from the three major rating agencies.

The bonds will be sold in two series, with $46 million in new money to build a police station and a $32 million refunding.

The county decided to use a competitive process because of the level of interest it was seeing from underwriters, said Maui County's financial advisor, Curt de Crinis of Glendale, Calif.-based C.M. de Crinis & Co. Inc.

For reprint and licensing requests for this article, click here.
Buy side Hawaii
MORE FROM BOND BUYER