Kentucky Asset/Liability Commission readies $106.33 million note deal

By Sheri Kasprzak

New York, Sept. 24 – The Kentucky Asset/Liability Commission is set to price $106.33 million of series 2015A federal highway trust fund project notes, according to a preliminary official statement.

The notes (A2/AA/A+) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the senior manager. The co-managers are Goldman, Sachs & Co., Fifth Third Securities Inc., First Kentucky Securities Corp., FTN Financial Capital Markets, J.J.B. Hilliard, W.L. Lyons LLC, PNC Capital Markets LLC, Raymond James/Morgan and Ross, Sinclaire & Associates LLC.

The notes are due 2016 to 2027.

Proceeds will be used to finance the construction and improvement of U.S. Highway 68/Kentucky Highway 80 from Aurora to Cadiz.

© 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.