Alabama Public School and College Authority to sell $175 million bonds

By Sheri Kasprzak

New York, June 4 - The Alabama Public School and College Authority plans to price $175 million of series 2013 capital improvement pool bonds on June 11, according to a notice of sale.

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

The deal includes $119,085,000 of series 2013A bonds and $55,915,000 of series 2013B bonds.

The 2013A bonds are due 2014 to 2033, and the 2013B bonds are due 2014 to 2033.

Proceeds will be used to renovate existing school facilities and construct new school facilities.

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