Knoxville, Tenn., plans $110 million sale of revenue bonds for Nov. 28

By Sheri Kasprzak

New York, Nov. 19 - The City of Knoxville, Tenn., is scheduled to price $110 million of series 2012 electric, gas and wastewater system revenue bonds on Nov. 28, according to a preliminary official statement.

The bonds will be sold competitively with Cumberland Securities Co. Inc. as the financial adviser.

The deal includes $35 million of series BB-2012 electric bonds (Aa2/AA+/), $10 million of series R-2012 gas bonds (Aa2/AA/) and $65 million of series 2012B wastewater system bonds (Aa2/AA+/).

The series BB-2012 bonds are due 2013 to 2042 and the series R-2012 bonds are due 2014 to 2033. The 2012B bonds are due 2014 to 2047.

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

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