Minnesota to price $400 million G.O. bonds Tuesday

By Sheri Kasprzak

New York, Jan. 12 - The state of Minnesota plans to bring $400 million in series 2009 general obligation bonds to market on Tuesday, according to a sales calendar.

The bonds (//AAA) will be sold on a competitive basis.

The offering includes $325 million in series 2009A various purpose G.O. bonds, $70 million in series 2009B state trunk highway G.O. bonds and $5 million in series 2009C taxable G.O. bonds.

The 2009A and 2009B bonds are due 2009 to 2028, and the 2009C bonds are due Dec. 1, 2013.

Proceeds will be used for capital expenditures, including highway improvements.

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