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| Prospect News home > News index > List of issuers A > Headlines for Alabama > News item |
Alabama coordinates $172.53 million general obligation bonds offering
By Sheri Kasprzak
New York, July 30 - The State of Alabama plans to price $172,525,000 of series 2013 general obligation bonds on Aug. 7, according to a preliminary official statement.
The bonds (Aa1/AA/AA+) will be sold competitively with Public Financial Management Inc. as the financial adviser.
The offering includes $137.69 million of series 2013A G.O. refunding bonds, $33 million of series 2013B G.O. capital improvement bonds and $1,835,000 of series 2013C G.O. refunding bonds.
The 2013A bonds are due 2014 to 2025, and the 2013B bonds are due 2014 to 2033. The 2013C bonds are due 2014 to 2021.
Proceeds will be used to finance economic development capital projects and refund existing G.O. debt.
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