Mohave County, Ariz., to sell $206.01 million bonds for Mohave Prison

By Cristal Cody

Tupelo, Miss., Oct. 8 - The Industrial Development Authority of the County of Mohave in Arizona intends to price $206.005 million correctional facilities contract revenue bonds for Mohave Prison, according to a preliminary official statement.

The series 2008 bonds (/BBB+/) have serial maturities from 2011 through 2025.

Morgan Keegan & Co. will manage the negotiated sale.

Proceeds will be used to refund the series 2004A and 2004C bonds and finance the acquisition, construction, equipment and operational costs for a 2,000-bed private prison for male inmates.

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