Tennessee to sell $213.32 million general obligation bonds Wednesday

By Sheri Kasprzak

New York, Oct. 12 - The State of Tennessee is set to price $213.315 million in series 2010 general obligation bonds on Wednesday, said Mary-Margaret Collier, director of the state's Office of State and Local Finance.

The bonds (Aaa/AA+/AAA) will be sold competitively with Public Financial Management Inc. as the financial adviser.

The sale includes $169.55 million in series 2010A G.O. bonds and $43.765 million in series 2010B G.O. refunding bonds.

The 2010A bonds are due 2012 to 2031, and the 2010B bonds are due 2012 and 2019 to 2023.

Proceeds will be used to finance capital projects, as well as to retire existing commercial paper.

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