State of Mississippi to sell $230.145 million G.O. bonds in September

By Sheri Kasprzak

New York, Aug. 29 - The state of Mississippi plans to price $230.145 million in series 2008 general obligation bonds, according to a preliminary official statement released Friday.

The bonds (Aa3/AA/AA) will be sold on a competitive basis, but no sale date has been set at this time, a source at the issuer said. The bonds are expected to price in September.

The sale includes $133.545 million in series 2008A bonds and $96.6 million in series 2008B bonds.

The proceeds will be used for water conservation, fire truck acquisitions, water pollution control, shipyard improvements, railroad improvements, a children's museum, a wireless communications system in the state, as well as other initiatives.

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