Arkansas arranges $495 million sale of G.O. highway improvement bonds

By Sheri Kasprzak

New York, Aug. 30 - The State of Arkansas plans to price $495 million of series 2013 general obligation four-lane highway construction and improvement bonds on Sept. 10, according to a notice of sale.

The bonds (Aa1/AA/) will be sold competitively with Stephens Inc. as the financial adviser.

The bonds are due 2014 to 2023.

Proceeds will be used to finance the construction and improvement of highways as part of the Connecting Arkansas Program.

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