Lexington-Fayette Urban County, Ky., plans $145.78 million bond sale

By Sheri Kasprzak

New York, June 13 - The Lexington-Fayette Urban County Government Public Facilities Corp. is scheduled to sell $145.78 million of series 2011A lease revenue bonds for the Eastern State Hospital on Tuesday, according to a preliminary official statement.

The bonds (Aa3/A+/AA-) will be sold competitively with Morgan Keegan & Co. Inc. as the financial adviser.

The bonds are due 2014 to 2033.

Proceeds will be used to repay notes issued to construct a new building at the Eastern State Hospital to treat the mentally ill.

Based in Lexington, Ky., the corporation is a nonprofit organization that finances the construction, acquisition and equipment of public buildings.

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