Alabama Public School and College Authority to price $145.88 million school construction bonds

By Sheri Kasprzak

New York, Nov. 19 - The Alabama Public School and College Authority plans to sell $145.88 million in series 2009D capital improvement pool qualified school construction bonds, according to a preliminary official statement.

The bonds (Aa2/AA/AA) will be sold on a negotiated basis with Morgan Stanley & Co. Inc. as the lead manager. The co-managers are the Frazer Lanier Co. Inc., Joe Jolly & Co. Inc. and First Tuskegee Bank.

The bonds are due Dec. 15, 2026.

The proceeds will be loaned to qualified schools and colleges for school construction.

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