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Mississippi eyes $293.59 million offering of general obligation bonds
By Sheri Kasprzak
New York, Nov. 13 – The State of Mississippi is set to price $293,595,000 of series 2015 general obligation bonds on Wednesday, according to a preliminary official statement.
The deal includes $177,325,000 of series 2015F tax-exempt bonds and $116.27 million of series 2015G taxable bonds.
The bonds (Aa2/AA/AA+) will be sold on a negotiated basis. J.P. Morgan Securities LLC is the lead manager for the 2015F bonds, and Piper Jaffray & Co. is the senior manager for the 2015G bonds.
The co-managers for the 2015F bonds are Loop Capital Markets LLC and Duncan-William Inc. Wells Fargo Securities LLC is the co-manager for the 2015G bonds.
The 2015F bonds are due 2026 to 2035, and the 2015G bonds are due 2016 to 2025.
Proceeds will be used to finance capital improvements to Jackson State University, Mississippi State University, University of Mississippi, University of Mississippi Medical Center and Alcorn State University, as well as junior and community colleges in the state.
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