Kentucky Infrastructure preps $103.45 million sale of revenue bonds

By Sheri Kasprzak

New York, March 19 - The Kentucky Infrastructure Authority plans to sell $103,445,000 of series 2012A wastewater and drinking water revolving fund revenue bonds, according to a preliminary official statement.

The bonds (Aaa/AAA/AAA) will be sold on a negotiated basis with Morgan Stanley & Co. LLC as the senior manager. The co-managers are J.J.B. Hilliard, W.L. Lyons LLC; PNC Capital Markets LLC; Morgan Keegan & Co. Inc.; Stifel, Nicolaus & Co. Inc.; Edward D. Jones & Co. LP; First Kentucky Securities Inc.; Sterne, Agee & Leach Inc.; and Ross, Sinclaire & Associates LLC.

The bonds are due 2013 to 2032.

Proceeds will be used to finance loans to political subdivisions for wastewater and drinking water projects.

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