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Kentucky prepares $71.73 million sale of certificates of participation
By Sheri Kasprzak
New York, April 20 – The State of Kentucky is set to price $71.73 million of series 2015 certificates of participation on Wednesday, according to a sales calendar.
The bonds (Aa3) will be sold on a negotiated basis with KeyBanc Capital Markets LLC as the lead manager.
The bonds are due 2017 to 2035 with term bonds due in 2040, 2045 and 2051.
Proceeds will be used to finance capital projects.
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