Mississippi Development Bank arranges $163 million sale of special obligation bonds

By Sheri Kasprzak

New York, Oct. 2 - The Mississippi Development Bank plans to sell $163 million of series 2012 special obligation bonds for the Marshall County Industrial Development Authority Mississippi Highway Construction Project, according to a preliminary official statement.

The bonds (Aa3/AA-/) will be sold through senior manager Raymond James/Morgan Keegan.

The bonds are due 2013 to 2028.

Proceeds will be used to design, construct, acquire rights-of-way, expand, improve and renovate sections of U.S. Interstate 69 eastbound near the Mississippi/Tennessee border.

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