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Kentucky State Property plans to sell $315.24 million revenue bonds
By Sheri Kasprzak
New York, Oct. 21 - The Kentucky State Property and Buildings Commission is expected to bring to market $315.235 million in project No. 99 revenue bonds, according to a preliminary official statement.
The bonds (Aa2//AA-) will be sold on a negotiated basis with Morgan Stanley & Co. Inc. as the lead manager. The co-managers are Citigroup Global Markets Inc.; J.J.B. Hilliard, W.L. Lyons LLC; Morgan Keegan & Co. Inc.; PNC Capital Markets LLC; Edward D. Jones & Co. LP; First Kentucky Securities Corp.; Stifel, Nicolaus & Co. Inc.; Ross, Sinclair & Associates Inc.; Sterne, Agee & Leach Inc.; and Bank of America Merrill Lynch.
The offering includes $80.595 million in series A bonds, $10.35 million in series B federally taxable bonds and $224.29 million in series C Build America Bonds.
Proceeds will be used to finance capital projects.
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