WASHINGTON — The Washington Suburban Sanitary District of Maryland expects Tuesday to competitively price $240 million of public improvement bonds to modernize its aging sewer system for 1.8 million customers in Montgomery and Prince George’s counties.
The bonds will be issued in two series of $120 million each. The Series A bonds will mature in one to 10 years and will be priced as tax-exempt bonds. The Series B bonds will mature in 11 to 20 years, and underwriters can submit pricing bids for tax-exempt or Build America Bonds. The issuer will take the less expensive bid.