Westchester County last week completed its first competitive deal under a pilot program that allows it to sell bonds using only an Internet auction platform.

The triple-A rated county priced $173.2 million of general obligation bonds and sewer bonds via Ipreo’s Parity electronic bid system on Feb. 10. The transaction was the first in a three-year pilot program that could spread to the rest of the state if the practice is deemed successful.

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