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Mississippi preps $60.19 million offering of G.O. refunding bonds
By Sheri Kasprzak
New York, Sept. 26 - The State of Mississippi is planning to sell $60.19 million of series 2011 general obligation refunding bonds, according to a preliminary official statement.
The offering includes $29.625 million of series 2011B tax-exempt bonds and $30.565 million of series 2011D taxable G.O. refunding bonds.
The bonds will be sold on a negotiated basis with Morgan Keegan & Co. Inc. and Stephens Inc. as the senior managers. The co-managers are Bank of America Merrill Lynch; Duncan-Williams Inc.; Morgan Stanley & Co. LLC; Crews & Associates Inc.; Jefferies & Co.; Kipling Jones & Co.; Loop Capital Markets LLC; and Mesirow Financial Inc.
The 2011B bonds are due 2014 to 2019. The 2011D bonds are due 2012 to 2018.
Proceeds will be used to refund the state's series 2002A, 2003 and 2004 G.O. bonds.
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