Alabama Public School and College Authority preps $162.09 million sale of refunding bonds

By Sheri Kasprzak

New York, Feb. 17 - The Alabama Public School and College Authority is set to price $162,035,000 of series 2012 refunding bonds on Feb. 29, according to a preliminary official statement.

The deal includes $80.27 million of series 2012A pool refunding bonds and $81,815,000 of series 2012B capital improvement, economic development and training refunding bonds.

The bonds (Aa1/AA/AA+) will be sold competitively with Public Financial Advisors, Inc. as the financial adviser.

The 2012A bonds are due 2013 to 2024, and the 2012B bonds are due 2015 to 2029.

Proceeds will be used to refund the authority's series 2002A-B bonds, 2003 pool bonds and 2003 non-pool bonds.

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