Mississippi to sell $101.45 million G.O. refunding bonds

By Sheri Kasprzak

New York, March 19 - The state of Mississippi plans to price $101.445 million in series 2009 general obligation refunding bonds, according to a preliminary official statement.

The sale includes $59.945 million in series 2009A bonds, $16.115 million in series 2009B bonds and $25.385 million in series 2009C bonds.

The bonds will be sold on a negotiated basis with Morgan Keegan & Co. Inc. and Morgan Stanley & Co. Inc. as the lead managers.

The 2009A bonds are due 2009 to 2018, the 2009B bonds are due 2009 to 2013 and the 2009C bonds are due 2009 to 2018.

Proceeds will be used to refund the state's series 1998, 2002B, 2003 and 2004 G.O. bonds.

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