Annapolis (June 9, 2005)--Anne Arundel County Executive Janet S. Owens announced today that the County sold $ 24,530,000 in General Obligation Bonds to purchase the Compass Pointe Golf Course from the Maryland Department of Economic Development (MEDCO). Wachovia Bank, National Association provided the winning bid with a true interest cost of 4.102990% and a premium of $776,557. Other bidders were ABN AMRO Financial Services, Inc., Merrill Lynch & Co. UBS Financial Services, Inc. and Davenport & Co., LLC. Ratings were affirmed on the County's debt as follows: |
