Minnesota to sell $654.23 million of general fund appropriation bonds

By Sheri Kasprzak

New York, Nov. 8 - The State of Minnesota is set to price $654,225,000 of series 2012 state general fund appropriation refunding bonds, according to a preliminary official statement.

The bonds will be sold through Barclays. The co-managers are Bank of America Merrill Lynch, RBC Capital Markets LLC, Jefferies & Co. Inc., Ramirez & Co. Inc., U.S. Bancorp Inc. and Wells Fargo Securities LLC.

The offering includes $55,005,000 of series 2012A taxable bonds and $599.22 million of series 2012B tax-exempt bonds.

The 2012A bonds are due 2014 to 2015. The 2012B bonds are due 2015 to 2030.

Proceeds will be used to refund the state's series 2011A-B state general fund appropriation bonds.

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