Alabama school and college authority to sell $775.79 million in bonds

By Sheri Kasprzak

New York, Oct. 16 - The Alabama Public School and College Authority is scheduled to price $775.79 million in series 2009 capital improvement bonds on Wednesday, according to a sales calendar.

The bonds will be sold on a negotiated basis with Morgan Stanley & Co. as the senior manager. The co-managers are The Frazer Lanier Co., Joe Jolly & Co. Inc. and First Tuskegee Bank.

The 2009A bonds are due 2012 to 2019 with term bonds due 2024 and 2029. The 2009B Bonds are due 2010 to 2021. The 2009C bonds are due 2010 to 2019 with term bonds due 2024 and 2029.

Proceeds will be used to refund the authority's series 2001A and 2002A bonds, as well as to fund capital improvements to colleges and public schools.

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