Arkansas preps $225 million of Garvees due 2015 to 2024 for Sept. 11

By Sheri Kasprzak

New York, Aug. 29 - The State of Arkansas is set to sell $225 million of series 2012 federal highway grant anticipation and tax revenue bonds on Sept. 11, according to a preliminary official statement.

The bonds (Aa1/AA/) will be sold on a competitive basis with Stephens Inc. as the financial adviser.

The bonds are due 2015 to 2024.

Proceeds will be deposited into the state's project fund.

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