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Kentucky Asset/Liability Commission prepares $153.48 million sale
By Sheri Kasprzak
New York, Feb. 1 - The Kentucky Asset/Liability Commission plans to price $153,475,000 of series 2013 taxable general fund first series funding notes, said a preliminary official statement.
The notes (Aa3/A+/A+) will be sold on a negotiated basis with Morgan Stanley & Co. LLC. The co-managers are Goldman Sachs & Co., J.P. Morgan Securities LLC, J.J.B. Hilliard, W.L. Lyons LLC, PNC Capital Markets LLC, Raymond James/Morgan Keegan, Stifel, Nicolaus & Co. Inc., Edward D. Jones & Co. LP, First Kentucky Securities Corp., Sterne, Agee & Leach Inc. and Ross, Sinclaire & Associates LLC.
The bonds are due 2014 to 2023.
Proceeds will be used to fund an obligation to the Teachers' Retirement System of Kentucky.
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