Memphis plans $66 million sale of general improvement bonds

By Sheri Kasprzak

New York, May 31 - The City of Memphis is expected to come to market during the week of May 30 with $66 million of series 2011A general improvement and refunding general obligation bonds, said a sales calendar.

J.P. Morgan Securities LLC is the senior manager for the bonds (Aa2/AA/).

Proceeds will be used to fund certain public works projects, as well as to refund the city's series 2003 general improvement bonds.

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