Mississippi Development plans $67.04 million special obligation bonds

By Sheri Kasprzak

New York, Aug. 14 - The Mississippi Development Bank is expected to sell $67,035,000 of series 2012 special obligation bonds, according to a preliminary official statement.

The deal includes $62.3 million of series 2012A bonds and $4,735,000 of series 2012B bonds.

The maturities have not been set.

The bonds (Aa3/AA-/) will be sold through senior managers Rice Financial Products Co. and Morgan Stanley & Co. LLC.

Proceeds will be used to finance capital improvements to the city of Jackson's water and sewer system.

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