Mohave Prison, Ariz., plans $206.01 million bond sale for Thursday

By Sheri Kasprzak

New York, Oct. 27 - The Mohave Prison of Arizona is scheduled to sell its previously announced $206.005 million in series 2008 correctional facilities contract revenue bonds on Thursday. The bonds will be sold through the Industrial Development Authority of the County of Mohave.

The bonds (/BBB+/) will be sold on a negotiated basis with Morgan Keegan & Co. as the senior manager.

The bonds are due from 2011 to 2025.

Proceeds will be used to refund the prison's series 2004A and 2004C bonds, as well as finance the acquisition, construction, equipment and operations of a 2,000-bed private prison for male inmates.

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