Mississippi plans offering of $270.96 million of general obligation refunding bonds

By Cristal Cody

Prospect News, Aug. 3 - The State of Mississippi intends to sell $270,955,000 of general obligation refunding bonds (Aa2/AAAA+), according to a preliminary official statement.

The offering includes $73,160,000 of series 2012E bonds due Dec. 1, 2012 and 2015-2025, and $197,795,000 of series 2012F bonds due Nov. 1, 2012 and 2016-2025.

Citigroup Global Markets Inc. is the bookrunner for the series 2012E bonds.

Raymond James/Morgan Keegan is the bookrunner for the series 2012F bonds.

Co-managers are Duncan-Williams, Inc., Loop Capital Markets LLC and Stephens Inc.

Proceeds will be used to advance refund and defease outstanding general obligation bonds.

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