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Mississippi Business Finance offers $100 million Gulf Opportunity Zone industrial development bonds
By Sheri Kasprzak
New York, Aug. 10 - The Mississippi Business Finance Corp. is expected to price $100 million in series 2010 Gulf Opportunity Zone industrial development bonds, according to a preliminary official statement.
The bonds (Aaa/VMIG1) will be sold on a negotiated basis. SunTrust Robinson Humphrey Inc. and Natixis Securities North America Inc. are the senior managers.
The bonds are due Aug. 1, 2035.
Proceeds will be used to construct, install and equip the Southern Pines Energy Center, a 40 billion cubic foot natural gas storage facility in Green County, Miss.
Based in Jackson, the corporation provides funding for industrial development projects.
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