By Cristal Cody
Springdale, Ark., April 21 - The Alabama State Port Authority priced $61.3 million of revenue bonds at 67% of Libor, the issuer said Monday.
The series 2008A revenue bonds priced on Friday in a private placement, Linda Paaymans, vice president of finance, said in an interview.
The authority handled the bond sale without using an underwriter, and no ratings were assigned, she said.
The bonds mature on May 20, 2008.
Part of the proceeds will be used to refund the $60.295 million series 2006C auction-rate docks facilities revenue bonds, which are subject to redemption on May 20, 2008.
| Issuer: | Alabama State Port Authority
|
| Issue: | Revenue bonds
|
| Amount: | $61.3 million
|
| Rate: | 67% of Libor
|
| Type: | Private placement
|
| Maturity: | May 20, 2008
|
| Pricing date: | April 18
|
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