Knox County, Tenn., to bid 3.25% for up to $50 million of $69.25 million auction-rate bonds

By Cristal Cody

Springdale, Ark., April 1 - Knox County, Tenn., plans to bid on $69.25 million auction-rate bonds to lower its interest rate expense, according to a notice released Monday.

The county intends to bid at a rate of 3.25% for up to $50 million of the outstanding series 2003 C1A bonds on Wednesday.

The county may continue to submit bids for the remainder of the bonds about every 35 days.

The local government public improvement bonds priced through the Public Building Authority of Blount County, Tenn.

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