Mohegan Tribe of Indians, Conn., to price $51.46 million bonds

By Sheri Kasprzak

New York, Aug. 4 - The Mohegan Tribe of Indians of Connecticut intends to sell $51.46 million in series 2008 gaming authority priority distribution payment public improvement bonds, said a preliminary official statement.

The bonds will be sold on a negotiated basis with Citigroup Global Markets as the senior manager. The co-managers are Banc of America Securities LLC, Calyon and Wells Fargo Brokerage Services.

The bonds are due Jan. 1, 2038.

Proceeds will be used to construct a community and government center and for a debt service reserve fund.

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