Mississippi organizes $339.17 million general obligation bond offering

By Sheri Kasprzak

New York, Nov. 6 - The State of Mississippi plans to price $339,165,000 of series 2013 general obligation bonds, according to a preliminary official statement.

The offering includes $179.94 million of series 2013A taxable G.O.s and $159,225,000 of series 2013B tax-exempt G.O. bonds.

The bonds (Aa2//AA+) will be sold on a negotiated basis. Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. are the senior managers for the 2013A bonds, and Crews & Associates Inc. and Kipling Jones & Co. as the co-managers for the 2013A bonds. The senior managers for the 2013B bonds are Raymond James/Morgan Keegan and BofA Merrill Lynch. The co-managers for the 2013B bonds are Duncan-Williams Inc., Loop Capital Markets LLC and Stephens Inc.

The 2013A bonds are due 2014 to 2026. The 2013B bonds are due 2026 to 2033.

Proceeds will be used to finance statewide capital improvements.

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