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Published on 11/7/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Kentucky Infrastructure Authority calls $43.25 million of water bonds

By Tali David

Minneapolis, Nov. 7 - Kentucky Infrastructure Authority announced the redemption of $43.25 million of water fund program bonds.

The authority will redeem the following bonds on Dec. 5

• $31.45 million of its 2020 water service revolving fund program revenue bonds, 2001 series A, due 2012 to 2021 at 5% to 5.25%;

• $1.535 million of its wastewater revolving fund program revenue bonds, 2000 series F, due 2013 to 2019 at 5.65% to 6%;

• $6.77 million of its wastewater revolving fund program revenue bonds, series 2001 G, due 2013 to 2021 at 4.5% to 5%; and

• $3.49 million of its drinking water revolving fund program revenue bonds, 2001 series B, due 2013 to 2021 at 4.5% to 5%.

The Bank of New York Mellon Trust Co., NA is the trustee.

The authority is based in Frankfort, Ky.


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