Nashville and Davidson County Sports Authority, Tenn., preps $65 million bond offering

By Sheri Kasprzak

New York, Dec. 5 - The Metropolitan Government of Nashville and Davidson County Sports Authority of Tennessee plans to price $65 million of series 2013 public improvement revenue bonds, according to a preliminary official statement.

The offering includes $54.91 million of series 2013A bonds and $10.09 million of series 2013B taxable bonds.

The 2013A bonds are due 2016 to 2033.

The 2013B bonds are due 2014 to 2033.

The bonds (Aa2) will be sold on a negotiated basis with Raymond James/Morgan Keegan as the senior manager and Piper Jaffray & Co. and Loop Capital Markets LLC as the co-managers.

Proceeds will be used to acquire land between the Nashville and Germantown area for the construction of a minor league baseball field.

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