Mississippi Development Bank preps $90 million water, sewer bond deal

By Sheri Kasprzak

New York, June 3 - The Mississippi Development Bank plans to sell $90 million of series 2013 water and sewer system revenue bond project special obligation bonds for the City of Jackson, according to a preliminary official statement.

The bonds (A1/AA-/) will be sold on a negotiated basis with Rice Financial Products Co. and Morgan Stanley & Co. LLC as the lead managers.

The maturities have not been set.

Proceeds will be used to finance water and sewer improvements for Jackson.

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