Oklahoma Capitol Improvement arranges $61.6 million revenue bonds sale

By Sheri Kasprzak

New York, Jan. 5 - The Oklahoma Capitol Improvement Authority is set to offer $61,595,000 of series 2012 state highway capital improvement revenue bonds, according to a preliminary official statement.

The bonds (AA/AA) will be sold on a negotiated basis with Morgan Stanley & Co. LLC as the senior manager. The co-managers are BOSC Inc., Goldman, Sachs & Co. and Robert W. Baird & Co. Inc.

The bonds are due 2012 to 2025.

Proceeds will be used to construct, improve, maintain and repair state roads, highways and bridges, which are part of the state highway system.

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