Mississippi Business to sell $71 million variable-rate bonds Aug. 11

By Sheri Kasprzak

New York, Aug. 6 - The Mississippi Business Finance Corp. plans to price $71.05 million in series 2008 variable-rate demand revenue bonds on Aug. 11, a sellside source told Prospect News Wednesday.

The bonds (A1/VMIG1) will be sold on a negotiated basis with Morgan Keegan & Co. as the senior manager.

The bonds initially bear interest at the weekly rate mode but may be converted to a fixed-rate mode.

The proceeds will be used for capital improvements.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.