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Alabama Public School and College Authority preps $82.66 million deal
By Sheri Kasprzak
New York, May 14 - The Alabama Public School and College Authority is expected to price $82,655,000 of series 2014A capital improvement pool refunding bonds, according to a preliminary official statement.
The bonds (Aa1/AA/AA+) will be sold on a negotiated basis with the Frazer Lanier Co. Inc. as the lead manager and Joe Jolly & Co. Inc., Merchant Capital LLC and Benchmark Securities LLC as the co-managers.
The bonds are due 2015 to 2026.
Proceeds will be used to refund the authority's series 2005 capital improvement bonds.
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