Memphis to bring $150 million bond anticipation notes due May 2010

By Sheri Kasprzak

New York, April 27 - The city of Memphis is gearing up to bring $150 million in series 2009 bond anticipation notes, according to a preliminary official statement.

The notes will be sold through senior manager Morgan Keegan & Co. Inc. The co-managers are Harvestons Securities Inc., Duncan-Williams Inc. and Rice Financial Products Inc.

The BANs are due May 18, 2010.

Proceeds will be used to retire commercial paper.

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