Kentucky Property and Building Commission to sell $389.99 million in bonds Wednesday

By Sheri Kasprzak

New York, June 18 - The Kentucky State Property and Building Commission is set to price $389.99 million in series 2009 revenue and revenue refunding bonds on Wednesday, according to a sales calendar.

The deal includes $179.87 million in series 2009A project No. 95 tax-exempt bonds and $210.12 million in series 2009C taxable Build America Bonds.

The bonds (Aa3/A+/AA) will be sold through lead manager Morgan Stanley & Co. Inc.

Proceeds will be used to refund existing debt, as well as to fund the purchase of real estate, construct and equip buildings and other properties in the state.

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