Minnesota to sell $60.4 million in 911 revenue bonds Tuesday

By Sheri Kasprzak

New York, Oct. 2 - The state of Minnesota is expected to price $60.4 million in series 2009 911 revenue bonds on Tuesday, according to a sales calendar.

The bonds (//AA-) will be sold through senior managers Jefferies & Co. and Piper Jaffray & Co. The co-managers include Cronin & Co. Inc. and Siebert Brandford Shank & Co. LLC.

The bonds are due 2010 to 2025.

Proceeds will be used to fund the state's emergency radio infrastructure.

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