Turnpike Authority of Kentucky to bring $153.15 million in revenue bonds

By Sheri Kasprzak

New York, April 3 - The Turnpike Authority of Kentucky plans to sell $153.15 million series 2009A economic development road revenue bonds, according to a preliminary official statement.

The bonds (Aa3/AA+/AA-) will be sold on a negotiated basis with Goldman, Sachs & Co. as the senior manager. J.J.B. Hilliard, W.L. Lyons LLC; NatCity Investments Inc.; Morgan Keegan & Co. Inc.; J.P. Morgan Securities Inc.; Wachovia Bank; Edward D. Jones & Co. LP; First Kentucky Securities Corp.; Ross, Sinclaire & Associates LLC are the co-managers.

The bonds are due 2011 to 2029.

Proceeds will be used to pay a portion of costs related to public highway projects and to refund the authority's existing series 2007 bonds.

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