Kansas Development Finance arranges $228.05 million revenue bond sale

By Sheri Kasprzak

New York, Feb. 17 – The Kansas Development Finance Authority is set to price $228,045,000 of series 2015A revenue bonds for the State of Kansas project, according to a preliminary official statement.

The bonds (Aa3/AA-/) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the senior manager and BofA Merrill Lynch and Morgan Stanley & Co. LLC as the co-managers.

The bonds are due 2016 to 2035.

Proceeds will be used to finance the construction of the Kansas University Medical Center project, as well as to refund the authority’s series 2005H, 2006A, 2006L and 2007K revenue bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.