Alabama school and college authority to sell $324.46 million in bonds

By Sheri Kasprzak

New York, June 4 - The Alabama Public School and College Authority plans to price $324.455 million in series 2009 capital improvement and capital improvement refunding bonds on June 11, according to a preliminary official statement.

The sale includes $284.82 million in series 2009A capital improvement refunding bonds and $39.635 million in series 2009B capital improvement bonds.

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

The 2009A bonds are due 2011 to 2019. The 2009B bonds are due 2010 to 2029.

Proceeds will be used to refund existing debt and to make loans to students.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.