Prince George’s County, Md. will sell more than $300 million of highly-rated tax-exempt debt Tuesday, as the county seeks to benefit from low interest rates with both new money and refunding bonds.

The unanimously triple-A rated county will sell the limited tax general obligation (LTGO) bonds on a competitive basis in two series. The first will be about $137.6 million of new money for the county’s capital improvement program, while a second series of about $188.1 million will refund debt issued in 2005, 2006, and 2007, according to Stephen McGibbon, deputy director of the county finance office.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.