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Alabama State Port Authority to sell $109.59 million revenue bonds
By Sheri Kasprzak
New York, Nov. 24 - The Alabama State Port Authority plans to sell $109.59 million of series 2010 docks facilities revenue bonds, according to a preliminary official statement.
The bonds (/BBB+/BBB+) will be sold through Citigroup Global Markets Inc. with Gardnyr Michael Capital Inc. and Securities Capital Corp. as the co-managers.
The maturities have not been set.
Proceeds will be used to refund the authority's series 2008B and 2009A bonds.
Based in Mobile, the authority manages the state's Gulf Coast ports.
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