Nevada schedules $131.44 million offering of refunding bonds

By Cristal Cody

Tupelo, Miss., April 2 - The State of Nevada plans to sell $131.44 million of highway revenue motor vehicle series 2013 refunding bonds via a competitive sale on April 10, according to a preliminary official statement.

The bonds (Aa2/AA+/AA+) have serial maturities from 2016 through 2023.

JNA Consulting Group, LLC and Montague DeRose and Associates LLC are the financial advisors on the deal.

Proceeds will be used to refund all or a portion of the state's series 2005 and series 2006 highway improvement revenue motor vehicle fuel tax bonds.

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