South Carolina Transportation Bank to sell $225.3 million bonds

By Sheri Kasprzak

New York, Nov. 15 - The South Carolina Transportation Infrastructure Bond Bank plans to sell $225.295 million of series 2010 revenue bonds on Tuesday, according to notices of sale.

The offering includes $191.85 million of series 2010A bonds and $33.445 million of series 2010B refunding bonds.

The 2010A bonds are due 2034 to 2040. The 2010B bonds are due 2012 to 2024.

The bonds will be sold competitively with Public Financial Management Inc. as the financial adviser.

Proceeds will be used to construct and repair transportation projects within the state, as well as to refund existing debt.

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