Knoxville, Tenn., to price $112 million utility revenue bonds Nov. 16

By Sheri Kasprzak

New York, Nov. 5 - The City of Knoxville, Tenn., plans to price $112 million of series 2010 utility system revenue bonds on Nov. 16, according to a notice of sale.

The offering comprises $30 million of series 2010Z electric bonds (Aa2/AA+/), $12 million of series 2010P gas system bonds (Aa2/AA/) and $70 million of series 2010C wastewater system bonds (Aa2/AA+/).

The bonds will be priced competitively with Morgan Keegan & Co. Inc. as the financial adviser.

The 2010Z bonds are due 2011 to 2030, and the 2010P bonds are due 2017 to 2032. The 2010C bonds are due 2012 to 2029.

Proceeds will be used to make upgrades and improvements to the city's electric, gas and wastewater utility systems.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.