Knoxville, Tenn., to price $115 million revenue bonds Dec. 9

By Sheri Kasprzak

New York, Dec. 1 - Knoxville, Tenn., is gearing up to price $115 million in series 2008 revenue bonds on Dec. 9, according to a preliminary official statement.

The sale includes $40 million in series 2008Y electric system revenue bonds (Aa3/AA+/) and $75 million in series 2008 wastewater system revenue bonds (Aa3/AA+/).

The bonds will be sold on a competitive basis with Morgan Keegan & Co. as the financial adviser.

The electric system bonds are due 2011 to 2029, and the wastewater bonds are due 2011 to 2034.

Proceeds will be used for construction, renovation, extension and improvement of the city's electric and wastewater systems.

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