Oklahoma Capitol Improvement Authority plans $100.055 million sale of refunding revenue bonds

By Sheri Kasprzak

New York, July 30 - The Oklahoma Capitol Improvement Authority plans to sell $100.055 million in series 2010 state facilities refunding revenue bonds, said a preliminary official statement.

The bonds (Aa3/AA/) will be sold on a negotiated basis with RBC Capital Markets Corp. as the lead manager. The co-managers are Baird & Co., BOSC Inc. and Goldman, Sachs & Co.

The offering includes $85.165 million in series 2010A tax-exempt bonds and $14.89 million in series 2010B federally taxable bonds.

The 2010A bonds are due 2015 to 2018 and the 2010B bonds are due 2014 to 2015.

Proceeds will be used to refund the authority's series 2005F bonds, which were used to fund higher education projects.

Headquartered in Oklahoma City, the authority finances the construction of state buildings.

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