Alabama coordinates $125.66 million sale of general obligation bonds

By Sheri Kasprzak

New York, Feb. 19 – The State of Alabama is slated to come to market with $125,655,000 of series 2016 general obligation bonds on Wednesday, according to a preliminary official statement.

The deal includes $99,135,000 of series 2016A bonds and $26.52 million of series 2016B bonds.

The bonds will be sold competitively with Rice Advisory LLC as the financial adviser.

The 2016A bonds are due 2017 to 2036, and the 2016B bonds are due 2017 to 2021.

Proceeds will be used to finance economic development projects and the recruitment of industrial prospects to the state.

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