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Kansas Department of Transportation to price $250 million revenue debt
By Sheri Kasprzak
New York, July 9 – The Kansas Department of Transportation is set to price $250 million of series 2014A highway revenue bonds, according to a preliminary official statement.
The bonds (Aa2/AAA/AA+) will be sold on a negotiated basis with Morgan Stanley & Co. LLC as the lead manager. The co-managers are BofA Merrill Lynch, J.P. Morgan Securities LLC, Barclays, Citigroup Global Markets Inc., Fidelity Capital Markets Inc., George K. Baum & Co., Valdes & Moreno Inc. and Wells Fargo Securities LLC.
The bonds are due 2025 to 2030.
Proceeds will be used to finance highway capital projects within the state.
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